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CSR plc  -  CSR   

Transactions in Own Shares

Released 07:00 15-Mar-2013

RNS Number : 0693A
CSR plc
15 March 2013
 



15 March 2013

 

CSR plc

 

Transactions in Own Shares

 

CSR plc (the "Company") announces that it has entered into a non-discretionary programme to purchase ordinary shares up to an aggregate value of $50 million. The purchased shares will be held as treasury shares.

 

The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company.

 

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to purchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than the higher of (i) 5 per cent. above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase and (ii) an amount equal to the higher of the price of the last independent trade of a share and the highest current independent bid for a share, in each case on the London Stock Exchange.

 

The Company confirms that it currently has no unpublished price sensitive information.

 

 

Contacts

 

CSR plc

Will Gardiner, Chief Financial Officer

Jeffery Torrance, VP Investor Relations

Paul Sharma, Investor Relations Manager

Tel: +44 (0) 1223 692 000

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Transactions in Own Shares - RNS