DJ MECP Transaction in Own Shares
Mechan Controls PLC ("Mechan" or "Company")
Purchase of Own Shares
The Board of Mechan announces that on 31 October 2016 it purchased 198,900 ordinary shares of 2.5p each in the Company (ISIN: GB0033495515) at a price of 243.75 pence per share.
As at close of business on 31 October 2016 the Company's issued share capital comprised 2,000,000 ordinary shares of 2.5 pence each. The shares purchased will be held in treasury pending proposals for cancellation being placed before shareholders.
The Directors of Mechan take responsibility for this announcement.
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(END) Dow Jones Newswires
November 01, 2016 11:23 ET (15:23 GMT)