REG - Paddy Power Betfair - Transaction in Own Shares
RNS Number : 3099PPaddy Power Betfair plc07 February 20197 February 2019
Paddy Power Betfair plc (the "Company")
Transaction in Own Shares
The Company announces that on 6 February 2019 it had purchased a total of 5,224 of its ordinary shares of EUR 0.09 each (the "ordinary shares") on the London Stock Exchange and the Irish Stock Exchange, trading as Euronext Dublin, through the Company's broker, Goodbody Stockbrokers UC ("Goodbody") as detailed below. The repurchased shares will be cancelled.
London Stock Exchange
Irish Stock Exchange, trading as Euronext Dublin
Number of ordinary shares purchased
5,224
-
Highest price paid (per ordinary share)
£65.9000
-
Lowest price paid (per ordinary share)
£65.9000
-
Volume weighted average price paid (per ordinary share)
£65.9000
-
The purchases form part of the Company's share buyback programme announced on 8 August 2018.
Following settlement of the above purchases, the Company's total number of ordinary shares in issue shall be 78,429,856 ordinary shares, each carrying the right to one vote. The Company also holds 1,965,600 ordinary shares in treasury, which do not carry voting rights.
Trading venue
Currency
Aggregated Volume
Volume Weighted Average Price
XLON
GBP
5,224
£65.9000
XDUB
EUR
-
-
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the detailed breakdown of individual trades made by Goodbody on behalf of the Company as part of the share buyback programme is set out in the Appendix to this announcement.
The Group hereby confirms that the second share buyback programme tranche of £300m commenced on 20 August 2018 has now completed. Goodbody Stockbrokers UC, who was undertaking the related repurchases of the Company's shares on the Group's behalf, repurchased a total of 4,564,134 ordinary shares in the Company all of which have been cancelled.
Accordingly, the Group announces that the full £500m share buyback programme, which commenced on 29 May 2018, has now completed. Under this programme, the Company repurchased for cancellation 6,993,308 ordinary shares for a total consideration of approximately £500m.
Contact:
Ivan Kelly, Investor Relations Tel: +353 (87) 794 4999
Pritti Patel, Company Secretariat Tel: +44 (0)7702 761 147
Appendix
Transaction Details
Issuer Name
Paddy Power Betfair plc
LEI
635400EG4YIJLJMZJ782
ISIN
IE00BWT6H894
Intermediary Name
Goodbody Stockbrokers UC
Intermediary Code
GDBSIE21XXX
Timezone
BST
Currency
GBP & EUR (as indicated below)
London Stock Exchange
Number of Shares
Price Per Share (GBP)
Trading Venue
Time of Transaction
Transaction Number
5224
65.90
XLON
09:58:39
00019877129TRDU1
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDPOSLFFIIFAIRIIA
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