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Tangent Communications PLC Commence Share Buy Back Programme


Monday, 11 Nov 2013 02:00am EST 

Tangent Communications PLC announced its intention to commence, with immediate effect, a share buy-back programme (the Buyback Programme) to use up to GBP0.5 million of existing cash resources to make market purchases of its ordinary shares. The Buyback Programme is being carried out pursuant to the share buyback authority and Rule 9 waiver granted to the Company at its Annual General Meeting on July 9, 2013, authorising the Company to make market purchases of up 27,881,298 of its own ordinary shares, representing approximately 10% of the Company's issued share capital. The maximum price to be paid is limited to no more than 105 per cent. of the average middle market closing price of the Company's shares for the five business days preceding the date of purchase. 

Company Quote

9.25
0.0 +0.00%
10 Jul 2014