Vianet Group PLC Share Buyback Prorgramme (6832S)
07 Noviembre 2023 - 8:28AM
UK Regulatory
TIDMVNET
RNS Number : 6832S
Vianet Group PLC
07 November 2023
Vianet Group plc
("Vianet" or the "Company")
Share Buyback
Vianet, the international provider of internet-enabled, cloud
based, telemetric and data services to the hospitality, unattended
retail vending and remote asset management sectors , is pleased to
announce t hat it intends to conduct on-market purchases under a
share buyback programme (the "Programme") pursuant to the
authorities obtained at the Company's last annual general meeting
held on 5 September 2023 ("AGM").
The Programme, which will be funded from the Company's existing
cash resources, is intended to reduce the share capital of the
Company and will take place within the limitations of the authority
granted by shareholders to the Board of Vianet at the AGM. The
Programme will commence with immediate effect and will, unless
terminated at an earlier date, expire on at the conclusion of the
2024 AGM, or 5 September 2024, whichever is earlier (the "Expiry
Date").
The maximum price which may be paid by the Company per Ordinary
Share shall not be more than 5 per cent above the average middle
market quotations for an Ordinary Share (as derived from the London
Stock Exchange AIM All-Share List) for the five business days
immediately preceding the date of on which such share is contracted
to be purchased.
Share purchases will take place in open market transactions and
may be made from time to time depending on market conditions, share
price, trading volume and other factors. The Company has appointed
Shore Capital Limited to manage the Programme and make market
purchases of Ordinary Shares on its behalf, independently of the
Company.
Vianet intends to cancel the repurchased Ordinary Shares.
The Company has determined that it will not rely on the safe
harbour conditions for trading set out in Article 3(2) and Article
3(3) of the Commission Delegated Regulation (EU) 2016/1052 (which
forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018) given the limited liquidity in the Ordinary
Shares and limitations that the conditions would impose on the
number of Ordinary Shares that can be purchased and, as such, the
Company may (a) purchase Ordinary Shares at a price higher than the
higher of the price of the last independent trade and the highest
current independent bid for an Ordinary Share, and (b) purchase on
any trading day materially in excess of 25 per cent of the average
daily volume in the 20 trading days preceding the date on which the
purchase is carried out.
Purchases may continue during any closed period to which the
Company is subject to from the date of this announcement to the
Expiry Date.
There is no guarantee that any purchases will be made under the
Programme.
As at the time of this announcement, the Company's total issued
share capital consists of 29,558,914 Ordinary Shares with one
voting right per share. The Company does not hold any Ordinary
Shares in treasury, therefore, the total number of Ordinary Shares
carrying voting rights is 29,558,914.
The above figure of 29,558,914 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 Guidance
and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018).
Enquiries:
Vianet Group plc
James Dickson, Chairman & CEO Tel: +44 (0) 1642 358
Mark Foster, CFO 800
www.vianetplc.com
Cavendish Capital Markets Limited
Stephen Keys / Camilla Hume Tel: +44 (0) 20 7397
8900
www.cenkos.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSBRBITMTTMBAJ
(END) Dow Jones Newswires
November 07, 2023 09:28 ET (14:28 GMT)
Vianet (LSE:VNET)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Vianet (LSE:VNET)
Gráfica de Acción Histórica
De May 2023 a May 2024