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Minds + Machines Grp - Transaction in Own Shares

RNS Number : 7788I
Minds + Machines Group Limited
16 December 2020
 

Minds + Machines Group Limited

("MMX" or the "Company")

 

Transaction in Own Shares

 

Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, announces that it has made the following purchase of ordinary shares of no par value ("Ordinary Shares") pursuant to the share buyback programme (the "Programme") announced on 11 Nov 2020:

 

Date of purchase:

15 Dec 2020

Number of Ordinary Shares purchased:

50,000

Highest price paid per Ordinary Share:

5.0p

Lowest price paid per Ordinary Share:

5.0p

Volume weighted average price per Ordinary Share:

5.0p

 

The purchased Ordinary Shares will be cancelled.

 

Following the repurchase and cancellation of Ordinary Shares set out above, the Company's issued share capital consists of 882,081,156 Ordinary Shares. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any shares held in Treasury and should use the figure of 882,081,156 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

 

In addition, the Company confirms that it has today cancelled the 5,837,160 Ordinary Shares held in Treasury in accordance with its articles of association and the laws of the British Virgin Islands. The Company now holds no Ordinary Shares in treasury.

 

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own Ordinary Shares by the Company, which were all executed through the Company's broker, finnCap Ltd, are set out below:

 

Schedule of Purchases:

Shares purchased:

Minds + Machines Group Limited (ISIN: VGG614091012)

Date of purchase:

15 Dec 2020

 

Aggregate Information:

Aggregated volume

50,000

Volume weighted average price

5.0p

Venue

XLON

 

 

 

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

*- ends - *

 

For further information

 

Minds + Machines Group Limited

 

Tony Farrow - CEO

Bryan Disher - CFO

Via Belvedere Communications Limited

 

 

 

 

finnCap Ltd

Tel:+ 44 (0) 20 7220 0500

Corporate finance - Stuart Andrews/Carl Holmes/Simon Hicks

ECM - Tim Redfern/Richard Chambers

 

 

 

Belvedere Communications Limited

Tel: +44 (0) 20 3687 2756

John West

Llew Angus

 

 

 

 

 

 

About MMX

 

Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of 32 ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group's network of global registrar and distribution partners.

 

The MMX portfolio is currently focused around generic names (e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding), lifestyle (e.g. .fit, .surf, .yoga), professional occupations (e.g. .law), and geographic domains (e.g. .london, .boston, .miami, .bayern). In 2018, the Company completed its first acquisition, the ICM portfolio, and launched its first innovation based project, .luxe, which combines the strengths of the World Wide Web's naming system with that of blockchain. For more information on MMX please visit www.mmx.co.

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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Price: -

Market: AIM
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