REG - Vianet Group PLC - Further re Share Buyback

VianetAnnouncement

09/11/2023 13:15

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RNS Number : 9844S  Vianet Group PLC  09 November 2023

Vianet Group plc

("Vianet" or the "Company")

Further re Share Buyback

Further to the Company's announcement on 7 November 2023, the Company makes
the following clarifications in relation to its intention to conduct on-market
purchases (the "Purchases").

The Purchases will be conducted within the limitations of the Company's
authority to make market purchases of its own ordinary shares granted to the
Board of Vianet at the Company's Annual General Meeting held on 5 September
2023 (the "Authority").

The Purchases, which will be funded from the Company's existing cash
resources, may be made from time to time dependent on market conditions, share
price trading volumes and other factors and will not be independently managed
by a broker.  Purchases will not take place during the Company's close
periods.  The Company intends to cancel the repurchased Ordinary Shares.

Due to the limited liquidity in the issued ordinary shares, a buyback of
ordinary shares pursuant to the Authority on any given trading day may
represent a significant proportion of the daily trading volume in the ordinary
shares on AIM and could exceed 25 per cent. of the average daily trading
volume and, accordingly, the Company will not benefit from the exemption
contained in Article 5(1) of Regulation (EU) 596/2014 as adopted in UK law by
the European (Withdrawal) Act 2018.

The Company will make further announcement in due course following any
Purchases.

 

Enquiries:

 Vianet Group plc
 James Dickson, Chairman & CEO       Tel: +44 (0) 1642 358 800

 Mark Foster, CFO                    www.vianetplc.com
                                     (https://url.avanan.click/v2/___http:/www.vianetplc.com___.YXAxZTpzaG9yZWNhcDphOm86M2FjMjEzYzE4MTBjZDRiZTZiNWFhNGZhZjliYmZlODY6NjpiMTVhOmUxYTQ0ZTQ1YTJmYjVmYjZhYTI1OWMyMTg1Yzk4YmU3MTBiOTRhOTJkYjA0ZjliMDY1NTg1NWIzMDcxYzMyYWU6cDpU)

 Cavendish Capital Markets Limited
 Stephen Keys / Camilla Hume         Tel: +44 (0) 20 7397 8900
                                     www.cenkos.com
                                     (https://url.avanan.click/v2/___http:/www.cenkos.com___.YXAxZTpzaG9yZWNhcDphOm86M2FjMjEzYzE4MTBjZDRiZTZiNWFhNGZhZjliYmZlODY6Njo2MWE3OjQ0YTY3MDQzYmM1ZTY3M2U1NTJkMmVjMzdjNjE0YmY0ODE4YmQ0NDNlOTE5OWU0NzI1OTU2Zjk3ZGYxMWZjMzU6cDpU)

 

 

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