REG - AMEC PLC - Transaction in Own Shares

Mon Sep 24, 2012 12:24pm EDT

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RNS Number : 0271N
AMEC PLC
24 September 2012
 



 

 

 

 

 

 

AMEC plc

 

24 September 2012

 

Repurchase of shares in AMEC plc

 

On 21 February 2012, AMEC plc (the "Company") announced that it intended to complete a £400 million share buyback programme within the next twelve months.

 

Further to the announcement on 17 August 2012 of its irrevocable, non-discretionary share repurchase programme with Barclays Capital Securities Limited, the Company announces that under the terms of that programme it has today purchased for cancellation 50,000 ordinary shares of the Company at a price of 1159.432 pence per share.  This purchase equates to approximately 0.02 per cent of AMEC's current issued share capital excluding Treasury shares prior to this purchase.

 

The company also notifies that 333 shares held in Treasury were today transferred to share scheme participants.

 

Following this change AMEC's total issued share capital is 317,803,250 ordinary shares, of which 6,349,500 are registered as Treasury Shares, leaving a balance of 311,453,750 shares with voting rights.

 

Cumulative purchases since 21 February 2012 amount to approximately £241.92 million.  It is the Company's intention that the significant majority of the shares purchased under the £400 million share buyback programme will be cancelled.

 

 

 

 

Enquiries to:

 

AMEC plc                                                                                            +44 (0)20 7539 5800

 

Sue Scholes - Director of Communications

 

Nicola-Jane Brooks - Head of Investor Relations

 

 

 

 

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of some £3.3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide. See amec.com.

 

 

 


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