23 Mar 2009 07:02
HUNTSWORTH PLC
("Huntsworth") or (the "Company")
Share Buy-Back Programme
23 March 2009
Huntsworth announces that it will recommence the share buy-back programme that was announced on 6 January 2009 (the "Buy-Back Programme") to buy up to GBP5 million of the company's existing issued share capital, now that the close period has ended today with the publication of the preliminary results for the year ended 31 December 2008. Any shares purchased will be cancelled or held in treasury.
Any acquisitions pursuant to the Buy-Back Programme will be effected within certain pre-set parameters. The main parameter is that the maximum price paid is to be limited to no more than 105 per cent. of the average middle market closing price of Huntsworth's shares for the 5 dealing days preceding the date of purchase. Given the level of liquidity in the Company's shares, the Company may purchase more than 25 per cent. of the average daily volume of 110,000 for February 2009 being the latest month prior to recommencing the share buy back programme.
Any shares purchased under the Buy-Back Programme will count towards the Company's general buy-back authority of 14.99% of the Company's issue share capital, as approved at the Company's EGM on 30 December 2008.
Huntsworth confirms that having published its preliminary results today, it currently has no unpublished price sensitive information.
Enquiries
Huntsworth PLC
Sally Withey, Chief Operating Officer Tel: 44 (0)207 224 8778
Numis Securities Limited
Nick Westlake/ Rupert Krefting/Alex Ham Tel: 44 (0)207 260 1000