REG - Capital Limited - Share Buyback Completion & FY21 Results Date

CapitalAnnouncement

24/02/2022 07:00

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RNS Number : 6366C  Capital Limited  24 February 2022

FOR IMMEDIATE RELEASE

24 FEBRUARY 2022

 

 

Capital Limited

("Capital", the "Group" or the "Company")

 

 

Completion of Share Buyback Programme & FY21 Results Announcement

 

Capital (LSE: CAPD), a leading mining services company focused on the African
markets, is pleased to announce the completion of its share buyback programme
("the Buyback Programme"), which was announced on 4 January 2022. During the
Buyback Programme, the company purchased 1,974,551 shares at a total cost of
approximately $2.5 million.

The Buyback Programme was undertaken to reduce Capital's share capital and
meet obligations arising from share option initiatives.

The Buyback Programme was managed by Stifel Nicolaus Europe Limited
("Stifel"), following a buyback agreement entered on 31 December 2021.

Furthermore, Capital will announce its Full Year 2021 results on 10 March
2022, alongside the Group's guidance for 2022 and Capital's recommended final
dividend payment.

Commenting on the Buyback Programme and the forthcoming FY21 results, Jamie
Boyton, Executive Chairman, said:

"Capital remains focused on growth and shareholder returns, and this Buyback
Programme reflects the Company's balanced capital allocation approach as well
as the Board's significant confidence in the business and its ongoing
development strategy. As we look to 2022, we will be releasing our outlook for
2022 alongside our FY21 results on the 10 March 2022."

- ENDS -

For further information, please visit Capital's website www.capdrill.com or
contact:

 

 Capital                                                                                                                                                                  +230 464 3250
 Limited

                                                                                                                                                                        investor@capdrill.com (mailto:investor@capdrill.com)
 Jamie Boyton, Executive Chairman

 Giles Everist, Chief Financial Officer

 Conor Rowley, Investor Relations & Corporate Development Manager

 Berenberg                                                                                                                                                                +44 20 3207 7800

 Matthew Armitt

 Jennifer Wyllie

 Detlir Elezi

 Tamesis Partners LLP                                                                                                                                                     +44 20 3882 2868

 Charlie Bendon

 Richard Greenfield

 Stifel Nicolaus Europe Limited                                                                                                                                           +44 20 7710 7600

 Ashton Clanfield

 Callum Stewart

 Rory Blundell

 Buchanan                                                                                                                                                                 +44 20 7466 5000

 Bobby Morse                                                                                                                                                              capital@buchanan.uk.com

 James Husband

 

 

About Capital Limited

Capital Limited is a leading mining services company providing a complete
range of drilling, mining, maintenance and geochemical laboratory solutions to
customers within the global minerals industry, focusing on the African
markets. The Company's services include: exploration, delineation and
production drilling; load and haul services; mining
equipment hire and maintenance; and geochemical analysis. The Group's corporate headquarters are in Mauritius, and
it has established operations in Burkina Faso, Côte d'Ivoire, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria,
Saudi Arabia and Tanzania.

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