The board announces that on 16 August 2017 the Company purchased 187,500 of its shares at a price of 85 pence per share. These shares will be held in treasury and in total there are now 3,821,157 shares in treasury. This purchase was made in accordance with the Company’s Articles of Association and with a board authority dated 12 July 2017 to buy back up to £4,000,000 of the Company’s shares.
As at the date hereof, the Company has purchased 712,500 shares under this authority for a total cost of £548,875 or an average price of 77.04 pence per share. The average purchase price of the total number of shares held in treasury is 49.52 pence per share for a cost of £1,892,133.