RNS Number : 5684V
13 January 2012
CLOSE PERIOD SHARE REPURCHASE PROGRAMME
SOCO International plc ("SOCO" or the
"Company") announces that it has entered into a
non-discretionary close period arrangement with Merrill
Lynch International (commencing on 16th January 2012 and
ending with the announcement of the Company's
preliminary results for the year to 31 December 2011) to
purchase ordinary shares in the Company. These share
purchases which will be made on the Company's behalf
under its buy back programme are pursuant to an authority
provided by shareholders of the Company to purchase up to
34.04 million ordinary shares in the Company through to the
expiry of the Company's existing shareholder authority
to purchase such shares (the "Programme"). The
Company intends to repurchase shares up to an equivalent
value of £25 million during the period ending at the 2012
Annual General Meeting, which will be held in June 2012. It
is intended that any shares purchased will be transferred
into Treasury.
[END]
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