REG - Coral Products PLC - Transaction in Own Shares

Coral ProductsAnnouncement

17/12/2021 07:00

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RNS Number : 9496V  Coral Products PLC  17 December 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 16 December 2021, pursuant to
the authority approved by shareholders at the Company's Annual General Meeting
dated 27 October 2021, the Company purchased 263,000 ordinary shares of 1
pence each ("Ordinary Shares") at a price of 15 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 5,763,000 Ordinary Shares in
treasury. Therefore, the total number of voting rights in the Company is
80,179,534 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  Ordinary shares of 1p

      Identification code

                                                                  GB0002235736
 b)  Nature of the transactions                                   Purchase of Ordinary Shares
 c)
     Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  15p       263,000
 d)  Aggregated information

     -     Aggregated volume                                      263,000

     -     Price                                                  15p
 e)  Date of the transaction                                      16 December 2021
 f)  Place of the transaction                                     London Stock Exchange, AIM

Price(s) and volume(s)

 Price(s)  Volume(s)
 15p       263,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

263,000

15p

e)

Date of the transaction

16 December 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

For further information please contact:

 Coral Products plc                       Tel: 07703 51 8148

 Joe Grimmond, Non-Executive Chairman
 Nominated Adviser & Broker

 WH Ireland Limited                       Tel: 0207 220 1666

 Adrian Hadden

 Darshan Patel

 Megan Liddell

 Jasper Berry (Corporate Broking)
 Capital Markets Consultants Limited      Tel: 07515 587 184

 Richard Pearson

 

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