Northbridge Industrial Services buys back 120,000 shares

Further to its announcement of 3 March 2022, Northbridge Industrial Services plc (LON:NBI), the industrial services and rental company, announces that on 8 March 2022 it purchased a total of 120,000 ordinary shares of 10 pence each in the Company via the Company’s broker, Shore Capital Stockbrokers Limited, as detailed below. The repurchased Ordinary Shares will be held in treasury.

Date of purchase:8 March 2022
Aggregate number of ordinary shares purchased:120,000
Lowest price paid per share (pence):160.5
Highest price paid per share (pence):160.5
Volume weighted average price paid per share (pence):160.5

These purchases complete the Company’s Share Buyback Programme as announced on 3 March 2022.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Shore Capital Stockbrokers as part of the Company’s share buyback programme.

Individual transactions:

Transaction date and timeNumber of Ordinary Shares purchasedTransaction price (pence per share)Trading venue
8 March 20228.58 a.m.50,000160.5LSE
8 March 202210.24 a.m.68,000160.5LSE
8 March 202211.10 a.m.2,000160.5LSE

Following settlement of the above transaction, the Company’s issued share capital will comprise 29,345,439 Ordinary Shares, including 830,150 Ordinary Shares held in treasury.

Therefore, the figure of 28,515,289 Ordinary Shares should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.You might also enjoy reading  Northbridge Industrial Services completes sale of its Tasman operations in Australia and New Zealand

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Singapore, China and South Korea, Northbridge has a global customer base. This includes utility companies, renewables, the oil and gas sector, data centres, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and drilling tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Northbridge Industrial Services Plc

More articles like this

Northbridge Industrial Services Plc

What is generator loadbank testing?

In a normal setup, a UPS (uninterruptible power supply) is found between alternative sources of power and the protected loads. The reason behind this is to protect the loads from unexpected power failures which could damage the loads. To make

Northbridge Industrial Services Plc

Why use a loadbank?

Over time, lightly loaded generator sets develop wet-stacking and carbon build-up in the combustion chambers and exhaust system. The use of a loadbank helps prevent this and determines the generator’s capability to produce maximum output in terms of

Northbridge Industrial Services Plc

Northbridge Industrial Services upgrades outlook

Burton on Trent-based Northbridge Industrial Services has increased its outlook for the current financial year as the business prepares to change its name. The listed company, which provides industrial equipment to the construction, power and oil and gas

Northbridge Industrial Services Plc

Is load bank testing necessary for containerised data centres?

Load bank testing: With an ever-expanding remit of applications, containerised, or mobile, data centres are rapidly becoming the go to solution for meeting today’s dynamic, high volume data processing and communications demands. But is the temporary nature of

Northbridge Industrial Services Plc

Crestchic at DataCentreWorld 2022 in Frankfurt

Crestchic is delighted with the results from DataCentreWorld, which was held on the 11th and 12 May in Frankfurt. Team members were on hand to answer questions from the many attendees over the two days. Chris Caldwell, Managing

Northbridge Industrial Services Plc

Load banks at container ports

The container shipping industry is an ever-growing, fast-paced environment, and power infrastructure cannot always grow in-line with power requirements. For this reason, many container ports are choosing to expand their power capacity by using stand-alone temporary power solutions,

Northbridge Industrial Services Plc

Load banks in the healthcare sector

Testing solutions from the world’s leading load bank manufacturerLoad banks are used to test the effectiveness of standby systems in a variety of situations: Key Factors Running a generator on full load helps to avoid “wet stacking” where

Northbridge Industrial Services Plc

Load banks in the marine & shipbuilding sector

The need for reliable back-up power in the marine environment is paramount. A loss of navigation or steering can be catastrophic. A back-up power supply that is proven to be 100% effective, first time, every time, is critical.

Northbridge Industrial Services Plc

Load banks in the data centre sector

In today’s fast-moving world, we have all become accustomed to instant online access. We do our banking, renew our home insurance and book hospital appointments online. We don’t even print photos anymore, we store them online and think

Northbridge Industrial Services Plc

Northbridge Industrial group revenue up 20% to £29.5 million

Northbridge Industrial Services plc (LON:NBI), the power reliability company, has announced its audited results for the year ended 31 December 2021, which are in line with increased market expectations. Highlights: ·  Group revenue from continuing operations up 20% to

Northbridge Industrial Services Plc

Loadbanks & Transformers for shipyards

Crestchic loadbanks are widely used for the testing of Gensets – Gas Turbines – UPS & DC systems.Crestchic’s loadbanks and transformers are popular with shipyards around the world, with over 30 years’experience gained from supplying rental and sold

Northbridge Industrial Services Plc

Common reasons for generator failure (and how to avoid them)

With society increasingly reliant on electricity, interruptions in power supplies have the potential to cause chaos, impacting everything from our home lives to travel, business productivity to data integrity and, in more extreme cases, loss of life and

No more posts to show