REG - Coral Products PLC - Transaction in Own Shares

Coral ProductsAnnouncement

16/05/2022 13:30

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RNS Number : 6471L  Coral Products PLC  16 May 2022

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service (RIS), this inside information
is now considered to be in the public domain.

 

Coral Products plc

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

 

Transaction in Own Shares

 

Coral Products plc (AIM: CRU), a specialist in the design, manufacture and
supply of plastic products, announces that on 9 May 2022, pursuant to the
authority approved by shareholders at the Company's Annual General Meeting
dated 27 October 2021, the Company transferred 4,838,710 ordinary shares
of 1 pence each ("Ordinary Shares") at a price of 15.5 pence each (the
"Transaction") to Ian Hillman. These shares were issued in part payment for
the acquisition of Film and Foil Solutions Limited as per RNS dated 4 May
2022.

Following the Transaction, the Company has 85,942,532 Ordinary Shares in issue
of which holds 2,464,945 Ordinary Shares are held in treasury. Therefore, the
total number of voting rights in the Company is 83,477,589 ordinary shares,
this number 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.

As a result of this transaction, the aggregate holdings of Ian Hillman amounts
to 4,838,710 Ordinary Shares in the Company representing 5.8 per cent of the
issued share capital.

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                                   Sale of Ordinary Shares
 c)
     Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  15.5p     4,838,710
 d)  Aggregated information

     -     Aggregated volume                                      4,838,710

     -     Price                                                  15.5p
 e)  Date of the transaction                                      9 May 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM

Price(s) and volume(s)

 Price(s)  Volume(s)
 15.5p     4,838,710

d)

Aggregated information

-     Aggregated volume

-     Price

 

4,838,710

15.5p

e)

Date of the transaction

9 May 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

ENQUIRIES:

Coral Products plc

Joe Grimmond, Executive
Chairman
 
 Tel: 07703 518148

WH Ireland, Nominated Adviser and
Broker
           Tel: 020 7220 1666

Katy Mitchell

Darshan Patel

Megan Liddell

Capital Markets Consultants
Limited                                                                      Tel:
07515 587184

Richard Pearson

 

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