Transaction in Own Shares
06 Juli 2006 - 6:30PM
UK Regulatory
RNS Number:7849F
Benfield Group Limited
06 July 2006
Benfield Group Limited
06 July 2006
Benfield Group Ltd ('Benfield')
Close Period Share Repurchase Programme
Benfield announces today that it has given its brokers an irrevocable,
non-discretionary authority, approved by the UKLA, to purchase Benfield Ordinary
Shares ('Benfield Shares') on its own behalf, for cancellation during its close
period between 6 July 2006 and the release of Benfield's interim results which
is expected to be on 7 September 2006.
Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both Benfield's general authority to repurchase Benfield Shares
and Chapter 12 of the Listing Rules, which required that the maximum price paid
be limited to no more then 105 per cent of the average middle market closing
price of Benfield Shares for the five dealing days preceding the date of
purchase.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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