UK: Diageo plc to issue trading statement on 29 June 2006
Diageo will issue its annual trading statement on the 29 June 2006 with respect to the fiscal year ending 30 June 2006, the company released June 15. The company also announces that it has put in place a programme to enable the buy back of shares during the closed period which begins 16 June 2006.
Diageo plc will issue a trading statement on the 29 June 2006 with respect to the fiscal year ending 30 June 2006. As a result, it will enter a closed period which begins on 16 June and ends with the preliminary results announcement on 31 August 2006. Diageo has put in place an irrevocable, non-discretionary programme to allow the company to buy back shares during the closed period. The buy back programme during the closed period will be managed by an independent third party, which will make its trading decisions in relation to the company's securities independently of, and uninfluenced by, the company.
Share buy backs will be effected during the period between 16 June 2006 and 31 August 2006 within pre-set parameters. The buy backs will be in accordance with Diageo’s general authority to repurchase shares and in accordance with Chapter 12 of the Listing Rules. Consequently the maximum price paid will be limited to no more than 105 per cent of the average middle market quotations of Diageo shares for the 5 dealing days preceding the date of purchase. The shares repurchased will be held as Treasury shares.
Diageo is the world's leading premium drinks business. With its global vision, and local marketing focus, Diageo brings to consumers an outstanding collection of beverage alcohol brands across the spirits, wine and beer categories including Smirnoff, Guinness, Johnnie Walker, Baileys, JεB, José Cuervo, Captain Morgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines. Diageo trades in some 180 countries around the world and is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE).
Înapoi
(libra 0.7378 sec.)