Novae Group plc
2008 7.0% convertible bonds ("Convertible Bonds")
Novae Group plc ("Novae"), the specialist insurance business,
announces in accordance with paragraph 12.5.2 of the Listing Rules
that on 31 July 2008 it purchased a further £1,000,000 (nominal
value) Convertible Bonds at par plus accrued interest calculated on a
daily pro rata basis. All the purchased Convertible Bonds will be
cancelled.
Following this purchase, Novae has £6,748,066 (nominal value)
Convertible Bonds in issue out of an original issue size of
£50,000,000 (nominal value).
This forms part of the buy back programme originally announced on 7
November 2007 and recommenced on 14 March 2008.
- ENDS -
For further information:
Oliver Corbett (Novae Group plc)
020 7903 7300
John MacGowan (ABN AMRO Hoare Govett)
020 7678 1084
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