Transaction in Own Shares
ACM Shipping Group plc (AIM:ACMG), a leading international shipbroker, today announces that on 27 July 2010 the Group purchased 80,189 of its ordinary shares from a former employee at par value of 1 pence per share. The purchased shares will be held in treasury.
Following the purchase, the Group holds 80,189 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding those held in treasury) is 19,430,850.
For further information, please contact:
| ACM Shipping Group plc | |
| Johnny Plumbe, Chief Executive | Tel: +44 (0) 20 7930 7555 |
| Ian Hartley, Finance Director | Tel: +44 (0) 20 7930 7555 |
| ihartley@acmshipping.co.uk | www.acmshipping.co.uk |
| Execution Noble & Company Limited | |
| John Llewellyn-Lloyd, Corporate Finance | Tel: +44 (0) 20 7456 9191 |
| www.execution-noble.com |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham / Joanne Shears | Tel: +44 (0) 20 7398 7709 |
| joanne.shears@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
ACM is one of the world's principal shipbrokers and has established itself as a market leader in oil transportation. The Group's key activities are spot brokerage freight, time charter, project brokerage, sales and purchase, derivatives brokerage, research and consulting. In June 2010, the Group expanded its offering into dry cargo through the acquisition of Endeavour Shipbrokers Pty Limited. This is in line with ACM's stated strategy to become an integrated global shipbroking services provider.
Established in London in 1982, the Group has since expanded its international operations with offices based in London, Singapore, India, Australia and China. ACM employs over 110 brokers and support staff who provide clients with global experience and intimate local knowledge of the world's shipping centres. The Group has a strong network of clients which include major oil producers, independent oil traders, ship-owners and operators. The business has been profitable every year since it was founded.
ACM was admitted to AIM on 6 December 2006. For more information on the Group please visit www.acmshippinggroup.com