Share Repurchase Programme


 

TIDMQWIL 
 
RNS Number : 6189Q 
Queen's Walk Investment Limited 
15 April 2009 
 

15th April 2009 
 
 
Queen's Walk Investment Limited puts in place Close Period Share Repurchase 
Programme 
 
 
Queen's Walk Investment Limited (the "Company") announces today that the Company 
has entered into an irrevocable, non-discretionary arrangement with Citigroup 
Global Markets Limited ("Citi") and J.P. Morgan Cazenove Limited ("JPM Caz"), to 
repurchase on its behalf and within the parameters set out below, ordinary 
shares in the Company for cancellation during the close period commencing on 17 
April 2009 and ending on or around 17 June 2009 being the proposed date for the 
publication of the Company's year end results to 31 March 2009 (the "share buy 
back"): 
 
 
Pricing 
 
 
The maximum price to be paid shall be not more than 105% of the average of the 
middle market quotations for the Company's shares for the five business days 
before the day on which purchase is made. 
 
 
Volume 
 
 
JPM Caz and Citi will have the authority to consider, on each trading day, 
repurchasing more than 50% of the average daily trading volume of the Company's 
shares traded over the 20 trading days preceding that date. 
 
 
The sole purpose of the share buy back is to reduce the capital of the Company. 
 
 
JPM Caz and Citi, as independent third parties, will make their trading 
decisions in relation to the Company's ordinary shares independently of, and 
uninfluenced by, the Company. 
 
 
The share buy back will be effected in accordance with Chapter 12 of the Listing 
Rules and with the Company's current authority granted to repurchase up to 14.99 
per cent. of its issued share capital as of 4 September 2008. 
 
 
The Company confirms that it currently has no unpublished price sensitive 
information. 
 
 
 
 
 
 
For further information please contact: 
 
 
Investor Relations: 
Caroline Villiers +44 (0) 20 7153 1521 
 
 
Citi: 
Andrew Forrester +44 (0) 20 7 986 8729 
 
 
JPM Caz: 
Angus Gordon Lennox  +44 (0) 20 7 155 4605 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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