UKLR 9.8 Treasury shares

1If by virtue of its holding treasury shares, a listed company is allotted shares as part of a capitalisation issue, the company must notify a RIS as soon as possible and, in any event, by no later than 7.30am on the business day following the calendar day on which allotment occurred of the following information:

1. (1)

   the date of the allotment;

2. (2)

   the number of shares allotted;

3. (3)

   a statement as to what number of shares allotted has been cancelled and what number is being held as treasury shares; and

4. (4)

   where shares allotted are being held as treasury shares, a statement of:

   1. (a)

      the total number of treasury shares of each class held by the company following the allotment; and

   2. (b)

      the number of shares of each class that the company has in issue less the total number of treasury shares of each class held by the company following the allotment.

1Any sale for cash, transfer for the purposes of or pursuant to an employees’ share scheme or cancellation of treasury shares that represents over 0.5% of the listed company’s share capital must be notified to a RIS as soon as possible and, in any event, by no later than 7.30am on the business day following the calendar day on which the sale, transfer or cancellation occurred. The notification must include:

1. (1)

   the date of the sale, transfer or cancellation;

2. (2)

   the number of shares sold, transferred or cancelled;

3. (3)

   the sale or transfer price for each of the highest and lowest prices paid, where relevant; and

4. (4)

   a statement of:

   1. (a)

      the total number of treasury shares of each class held by the company following the sale, transfer or cancellation; and

   2. (b)

      the number of shares of each class that the company has in issue less the total number of treasury shares of each class held by the company following the sale, transfer or cancellation.