The Conygar Investment Company PLC (“Conygar” or “Company”), the property investment and development group, announces that the Company has today entered into a close period ahead of the notification of its interim results for the 6 months ended 31 March 2021 (the “Close Period”). The Company expects to announce its interim results on or around 11 May 2021.
Pursuant to the share buyback authority approved by shareholders on 18 December 2020 (the “Authority”), the Company has appointed Liberum Capital Limited (“Liberum”) to manage an irrevocable, non-discretionary share buyback programme to repurchase on its behalf, and within certain parameters, ordinary shares in the Company, which will be held as treasury shares, during the Close Period.
The Company and its directors have no power to invoke any changes to the above programme and they will be conducted at the sole discretion of Liberum. If the Authority is exhausted during the Close Period, Liberum will be permitted to continue executing the buyback provided a refreshed authority is approved by the Company's shareholders in a general meeting.