Conygar announces that, in accordance with the terms of the general authority to make market purchases of its own shares granted to it by shareholders of the Company on 7 February 2017, the Company acquired 235,000 ordinary shares of 5 pence each in the capital of the Company (“Shares”) on 29 September 2017 at a price of 165 pence per Share. The acquired shares will be held in treasury.
In conformity with Disclosure and Transparency Rule 5.6.1A, Conygar advises that, at the date of this announcement, the Company's issued share capital comprises 66,891,435 Shares (excluding 235,000 Shares held as treasury shares). Therefore, the Company's total number of Shares with voting rights is 66,891,435.
The above figure of 66,891,435 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Pursuant to the share buyback authority approved by shareholders on 7 February 2017, 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.