ZDP Share Acquisition Programme
The Conygar Investment Company PLC has initiated a share acquisition programme for its zero dividend preference shares, with a maximum aggregate consideration of £2,500,000, funded by existing cash reserves. This programme, managed by Panmure Liberum as broker and Liberum Wealth as agent, will acquire ZDP Shares at a price up to their Accrued Capital Entitlement and is authorised to run from today until 3 March 2026. Purchases will occur outside of regulated markets, and any acquired shares are expected to be held until the ZDP Repayment Date.
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The Conygar Investment Company PLC announces the commencement of a share acquisition programme (the "Programme") of the zero dividend preference shares ("ZDP Shares") in the capital of the Issuer currently admitted to the Official List of the International Stock Exchange.
The Company has appointed Panmure Liberum Limited as its broker and Liberum Wealth Limited as its agent to purchase ZDP Shares, up to a maximum aggregate consideration of £2,500,000. ZDP Shares will be acquired at a share price up to the Accrued Capital Entitlement of each ZDP Share on the date of the transaction.
The Programme will be funded by the Company's cash reserves. It is anticipated that any ZDP Shares purchased within the Programme will remain held by the Company until the ZDP Repayment Date.
Any purchase of the ZDP Shares contemplated by this announcement will be carried out outside of a regulated market or multilateral trading facility.
The Company has authorised the Programme to commence from today and continue until 3 March 2026.
Details of purchases of any ZDP Shares made by the Company will be notified to a Regulatory Information Service by the Company following any acquisition as required by the Market Abuse Regulation.
Capitalised terms used but not defined in this announcement have the meaning given to them in the listing document published by the Issuer on 3 October 2023.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.