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Wincanton initiates buy back programme

03 February 2016 12:20

Wincanton has announced its intention to make purchases of its own shares commencing today until 31 March 2016, unless terminated earlier.

It said the purchases will be conducted in accordance with the authorisation granted to the Company by shareholders at the Annual General Meeting (AGM) held on 16 July 2015.

It is intended that the ordinary shares purchased will be gifted by the Company to the Wincanton Employee Benefit Trust in order to satisfy future exercises of share option awards made to employees under the Company's employee share incentive schemes.

Any purchases will be effected over the period within certain pre-set parameters and limits approved at the Company's AGM held on 16 July 2015.

At 12:20pm: (LON:WIN) Wincanton PLC share price was +7.88p at 172.38p

Story provided by StockMarketWire.com

Related Company: WIN

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