Servoca announces share buy-back activity
This Purchase was in accordance with the terms of its general authority to make market purchases of its own shares granted to it by shareholders of the Company and a share buyback agreement the Group entered into with finnCap on 11 October 2013.
The company has agreed to sell these shares to Andy Church, chief executive officer of the company at the same price. Following this transaction Andy Church has a beneficial interest in 6,814,413 ordinary shares in the company representing 5.43% of the voting rights of the company.
The company advises that, following the purchase, the company's issued ordinary share capital remains unchanged. The total number of ordinary shares with voting rights is now 125,575,953.
This figure represents the total voting rights in the company and may be used by shareholders as the denominator for the calculations by which they can 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.