CORAL PRODUCTS PLC

Transaction in Own Shares • Jan 12, 2022

National Storage Mechanism | Additional information

RNS Number : 1263Y

Coral Products PLC

12 January 2022

Coral Products plc

("Coral" or the "Company")

Transaction in Own Shares

Coral Products plc (AIM: CRU), a specialist in the design, manufacture and supply of plastic products, announces that on 11 January 2022, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 27 October 2021, the Company purchased 100,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 14.74 pence each (the "Transaction").

The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition.

The Ordinary Shares, which have been purchased, will be held in treasury. Following the Transaction, the Company holds 5,963,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 79,979,534 shares, which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

Details of the trade:

a)

Name

Coral Products plc

2

Reason for the notification

a)

Position/status

Treasury Share Account

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Coral Products plc

b)

LEI

213800M2XLY2QGBMUN82

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 1p

GB0002235736 

b)

Nature of the transactions

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
14.74p	100,000

d)

Aggregated information

-     Aggregated volume

-     Price

100,000

14.74p

e)

Date of the transaction

11 January 2022

f)

Place of the transaction

London Stock Exchange, AIM

For further information please contact:

Coral Products plc Joe Grimmond, Executive Chairman	Tel: 07703 51 8148
Nominated Adviser & Broker WH Ireland Limited Adrian Hadden Darshan Patel Megan Liddell Jasper Berry (Corporate Broking)	Tel: 0207 220 1666
Capital Markets Consultants Limited Richard Pearson	Tel: 07515 587 184

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