The Conygar Investment Company PLC (LON: CIC), the property investment and development group, announced today that the Company has entered into a close period ahead of the notification of its audited annual results for the year ended 30 September 2019, which is expected to be on or around 26th November 2019.
Pursuant to the share buyback authority approved by shareholders on 21 December 2018, the Company has appointed Liberum Capital Limited to manage an irrevocable, non-discretionary share buyback programme to repurchase on its behalf, and within certain parameters, ordinary shares in the Company, which will be held as treasury shares, during the Close Period.
The Company and its directors have no power to invoke any changes to the above programme and they will be conducted at the sole discretion of Liberum. If the Authority is exhausted during the Close Period, Liberum will be permitted to continue executing the buyback provided a refreshed authority is approved by the Company’s shareholders in a general meeting.
