Regulatory Announcements
16 January 1997
Price
The Company will purchase such of its own preference shares as may be offered for sale through the London Stock Exchange and at a price not exceeding 112p per share, being 103.7% of the average middle market quotation (as shown in the London Stock Exchange Daily Official List) for the 10 business days prior to the date of this announcement.
Timing
The Company is prepared to make market purchases on the above basis during the period from the date of this announcement until 30th April 1997.
Full details relating to this transaction, including information on the procedure for offering such shares for sale, are contained in a circular to be sent to all holders of the Company's 9% Cumulative Preference Shares of £1 each on 20th January 1997.
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PURCHASE OF OWN 9% PREFERENCE SHARES
John Menzies plc today announces that, in accordance with the authority granted by shareholders at the Annual General Meeting of the Company held on 6th September 1996, it is willing to make market purchases of its own 9% Cumulative Preference Shares of £1 each on the following basis:Price
The Company will purchase such of its own preference shares as may be offered for sale through the London Stock Exchange and at a price not exceeding 112p per share, being 103.7% of the average middle market quotation (as shown in the London Stock Exchange Daily Official List) for the 10 business days prior to the date of this announcement.
Timing
The Company is prepared to make market purchases on the above basis during the period from the date of this announcement until 30th April 1997.
Full details relating to this transaction, including information on the procedure for offering such shares for sale, are contained in a circular to be sent to all holders of the Company's 9% Cumulative Preference Shares of £1 each on 20th January 1997.
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