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LONDON - Science Group plc (AIM:SAG), a company specializing in science and technology consulting, has announced the issuance of 2,500 treasury shares on Monday at an average price of 1 pence per share. This move was made in settlement of the exercise of share options.
Following the issuance, the total number of ordinary shares in issue, excluding those held in treasury, stands at 44,846,865. Science Group now holds 1,339,009 shares in treasury. Shareholders can use the figure of 44,846,865 as the denominator for calculations to determine if they need to notify their interest in the company or any changes to it, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
This issuance of treasury shares is a routine financial transaction for Science Group and is part of the company's management of its share capital. It is a common practice for companies to issue treasury shares to fulfill obligations such as employee share option plans.
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