Ecora Resources PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ecora Resources PLC announced a transaction in its own shares, purchasing 100,000 ordinary shares on the London Stock Exchange as part of its share buyback program. The company will now have 261,732,553 ordinary shares in issue, with 10,925,656 held in treasury, totaling 250,806,897 shares carrying voting rights. Shareholders can use this figure to determine disclosure requirements under FCA rules.

Transaction in Own Shares

LONDON, UK / ACCESSWIRE / May 13, 2024 / Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) announces that on 10 May 2024, it purchased 100,000 ordinary shares of 2p each in the Company (the "Shares") on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 (the "Programme"). The shares acquired will be held in treasury.

Date of purchase:	10 May 2024
Aggregate number of ordinary shares purchased:	100,000
Lowest price paid per share (pence per share):	84.80
Highest price paid per share (pence per share):	85.15
Volume weighted average price paid per share (pence per share):	84.94

Following the purchase, the Company will have 261,732,553 ordinary shares of 2p each in issue, of which 10,925,656 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 250,806,897.

The above figure of 250,806,897 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 FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Peel Hunt LLP as part of the Programme.

Name of Issuer	Identity code of the financial instrument	Date	Time	Price (pence)	Quantity bought	Exchange Venue
Ecora Resources PLC	GB0006449366	10/05/2024	08:20:44	84.80	50,000	LSE
Ecora Resources PLC	GB0006449366	10/05/2024	08:51:52	85.05	33,690	LSE
Ecora Resources PLC	GB0006449366	10/05/2024	08:55:49	85.15	16,310	LSE

For further information

Ecora Resources PLC	+44 (0) 20 3435 7400
Jason Gray - Company Secretary
Website:	www.ecora-resources.com
FTI Consulting Sara Powell / Ben Brewerton / Nick Hennis	+44(0) 20 3727 1000 ecoraresources@fticonsulting.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ecora Resources PLC

View the original press release on accesswire.com

FAQ

When did Ecora Resources PLC purchase 100,000 ordinary shares?

Ecora Resources PLC purchased 100,000 ordinary shares on May 10, 2024.

What was the lowest price paid per share in the transaction?

The lowest price paid per share was 84.80 pence.

How many ordinary shares will Ecora Resources PLC have after the purchase?

After the purchase, Ecora Resources PLC will have 261,732,553 ordinary shares in issue.

What is the total number of ordinary shares carrying voting rights after the transaction?

The total number of ordinary shares carrying voting rights will be 250,806,897 after the transaction.

How can shareholders use the figure of 250,806,897?

Shareholders can use this figure to determine if they are required to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.