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SVG Capital to buy-back shares

13 May 2016 09:34

SVG Capital has arranged for its broker, Numis Securities, to repurchase ordinary shares on its behalf during the company's prohibited period commencing on May 13 and ending on May 26.

Any shares purchased will be either held in treasury or cancelled.

These arrangements are in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

The timing and quantum of any purchases will be determined, inter alia, with regard to prevailing market conditions and, in light of liquidity conditions and in line with the Market Abuse Directive.

The Company and Numis may from time to time purchase in excess of 25 per cent, but not in excess of 50 per cent, of the average daily volume over the past 20 trading days.

At 9:34am: (LON:SVI) SVG Capital Plc share price was -1.5p at 522p

Story provided by StockMarketWire.com

Related Company: SVI

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