HR GO PLC: Share Buyback
HR GO PLC
("HR Go" or the "Group")
HR Go Plc announces that on 28 February 2013, it completed the off-market buyback of a total of 725,000 ordinary shares at a price of 5 pence per share from former employees of the Group who originally acquired these shares under an employee incentive scheme. Under the employment contract with the Group, HR Go has the option to buy back any shares issued under the incentive scheme at the discount price at which they were issued, once the employee ceases to be employed by the Group. The Group has cancelled these shares in order to increase underlying value for existing Shareholders.
In accordance with the FSA's Disclosure and Transparency Rules, the Board of the Group confirms that following this buyback, the Group has 18,364,490 ordinary shares of 1p in issue carrying voting rights.
This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information contact:
HR GO PLC Dr. Hugh Billot Tel: +44 12 3372 2475
PETERHOUSE CORPORATE FINANCE LIMITED Fungai Ndoro and Heena Karani Tel: +44 20 7469 0934
-0- Mar/26/2013 12:48 GMT