Shore Capital Group Ltd. has announced the purchase of 1,697,494 of its ordinary shares at an average price of 25 pence per share on Monday.

All of the shares will be cancelled.

Shore Capital Group holds no ordinary shares as treasury shares and its issued share capital as at Monday consisted of 244,450,877 ordinary shares which equates to the total number of voting rights in the company.

The cancellation will increase Howard Shore's holding (unchanged at 100,293,700 ordinary shares) to 41.03 percent from 40.75 percent of the company's issued ordinary share capital.