26 November
2007
For immediate release
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 it has today purchased a further £125,000 (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 £18,260,722 (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 which was announced on 7
November 2007.
- ENDS -
For further information:
Oliver Corbett (Novae Group plc)
020 7903 7300
John MacGowan (ABN AMRO Hoare
Govett) 020 7678 1084
---END OF MESSAGE---
