ACCESS Newswire
06 Sep 2019, 21:07 GMT+10
Atlas Mara Repurchase of Shares and Total Voting Rights Update
TORTOLA / ACCESSWIRE / September 6, 2019 / Atlas Mara Limited (LSE:ATMA)('Atlas Mara' or the 'Company' and, including its subsidiaries, the 'Group'), the sub-Sahara African financial services group, today announces that on 5 September 2019, the Company repurchased 4,000 shares, all of which were purchased at an average price of $1.30 and will be held as treasury shares.
Atlas Mara repurchased shares pursuant to the authority granted by its Board of Directors, announced in its Q3 2018 Results RNS, to reinstate a lapsed share purchase program. The granted authority is for Atlas Mara to repurchase the Company's issued share capital up to an aggregate market value equivalent to $10 million by way of its nominated brokers.
As a result of the repurchase of shares, Atlas Mara's total number of ordinary shares in issue is 174,618,767 of which 1,567,443 are now held in treasury with an additional 3,298,298 ordinary shares held in escrow as part of the contingent consideration for the acquisition of FBZ. Atlas Mara hereby notifies the market that the total number of voting rights in Atlas Mara is 169,753,026. In accordance with rule 5.6.1 of the Financial Conduct Authority's Disclosure and Transparency Rules ('DTRs'), this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Atlas Mara under the DTRs.
Contact Details
Investors
Kojo Dufu, +1 212 883 4330
Media
Anthony Silverman, +44 (0)7818 036 579
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services institution founded by Bob Diamond and listed on the London Stock Exchange. With a presence in seven sub-Saharan countries, Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, deliver excellent customer service and accelerate financial inclusion. For more information, visit www.atlasmara.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: Atlas Mara
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationLONDON, U.K.: Amazon has once again been rated the worst major UK grocery retailer by its suppliers when it comes to following fair...
LONDON/NEW YORK/CHICAGO: In suburban Chicago, just 15 minutes from O'Hare International Airport, a small customs brokerage quietly...
NEW YORK, New York, - U.S. stocks were split, but little moved Wednesday after a positive start to the week heralded by a two-day rally....
NEW YORK CITY, New York: Elon Musk is taking a big step toward making his long-promised robotaxi dream a reality. Over the weekend,...
PLANO, Texas: Toyota Motor will raise prices across a range of vehicles in the United States starting next month, the Japanese automaker...
WASHINGTON, D.C.: U.S. business activity showed signs of softening in June while inflationary pressures continued to build, driven...
MADISON, Wisconsin: Tens of millions of residents across the Midwest and East Coast faced dangerously high temperatures over the weekend...
CHICAGO, Illinois: For the first time in history, U.S. officials are considering a coordinated plan to vaccinate poultry against bird...
(250626) -- NEW YORK, June 26, 2025 (Xinhua) -- Khaman Maluach (R) poses for a photo with NBA commissioner Adam Silver after being...
New Delhi [India], June 26 (ANI): Congress leader Jairam Ramesh on Thursday strongly criticised the delay in starting an official investigation...
New Delhi [India], June 26 (ANI): The Aircraft Accident Investigation Bureau (AAIB) and the National Transportation Safety Board (NTSB)...
BEIJING, June 21 (Xinhua) -- Here are the latest Chinese sports headlines from the past week: 1. Chinese climber Pan Yufei makes...