REG - Coral Products PLC - Transaction in Own Shares

Coral ProductsAnnouncement

30/06/2021 09:00

RNS Number : 6266D
  
Coral Products PLC
  
30 June 2021
  
 

Coral Products plc
("Coral" or the "Company")
Transaction in Own Shares
Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products, announces that on 29 June 2021, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 13 January 2021, the Company purchased 100,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 12.95 pence each (the "Transaction").
The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition.
The Ordinary Shares, which have been purchased, will be held in treasury. Following the Transaction, the Company holds 2,995,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 82,947,534 shares, which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.



 


Details of the trade: 




a)


Name


Coral Products plc




2 


Reason for the notification 




a)


Position/status


Treasury Share Account




b)


Initial notification/ Amendment


Initial Notification




3 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a)


Name


Coral Products plc




b)


LEI


213800M2XLY2QGBMUN82




4 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 




a)


Description of the financial instrument, type of instrument
 Identification code


Ordinary shares of 1p
 
GB0002235736 




b)


Nature of the transactions


Purchase of Ordinary Shares




c)
















Price(s) and volume(s)





Price(s)


Volume(s)




12.95p


100,000








d)


Aggregated information
-     Aggregated volume
-     Price


 
100,00
12.95p




e)


Date of the transaction


29 June 2021




f)


Place of the transaction


London Stock Exchange, AIM



 
For further information please contact:



Coral Products plc
Joe Grimmond, Non-Executive Chairman 


Tel: 07703 51 8148
 




Nominated Adviser & Broker
WH Ireland Limited
Adrian Hadden
Darshan Patel
Lydia Zychowska
Jasper Berry (Corporate Broking)


 
Tel: 0207 220 1666




Capital Markets Consultants Limited
Richard Pearson


Tel: 07515 587 184



 

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