REG - Frasers Group PLC - Share Buyback Programme

FrasersAnnouncement

18/06/2024 07:00

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RNS Number : 5608S  Frasers Group PLC  18 June 2024

Date: 18 June 2024

 

Frasers Group Plc

("Frasers Group" or the "Company")

Share Buyback Programme

The Company announces that it has entered into a non-discretionary arrangement
with Barclays Bank PLC, acting through its investment bank ("Barclays") in
respect of a new share buyback programme during the closed period of the
Company from today's date for the period ending on the day the Company reports
final results for the year ended 28 April 2024 (the "Programme").

The aggregate purchase price of all ordinary shares acquired under the
Programme, together with any other shares purchased on the Company's behalf
pursuant to its Programme, will be no greater than £80,000,000. The maximum
number of shares that may be purchased under the Programme will be 10,000,000
ordinary shares. Any share purchases under the Programme will be made on the
Company's behalf and in accordance with the arrangement and shall be made
independently of and uninfluenced by the Company.

The sole purpose of the Programme is to reduce the share capital of the
Company.

The Programme will be conducted within certain pre-set parameters and the
terms of the arrangement with Barclays, and in accordance with the general
authority to repurchase shares granted by the Company's shareholders at the
2023 annual general meeting and Chapter 12 of the Listing Rules. The shares
repurchased by the Company will be held in treasury pending cancellation or
re-issue.

 

 

Ends

 

 

 FRASERS GROUP PLC
 Robert Palmer, Company Secretary              T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34                     E. company.secretary@frasers.group (mailto:company.secretary@frasers.group)
 Chris Wootton, Chief Financial Officer        T. 0344 245 9200

                                               E. financial@frasers.group
 Ronnie Laffar, Group Head of Communications   T. 07931 841082

                                               E. fgpr@frasers.group
 Andrew Kasoulis, Investor Relations Director  T. 07826 532191

                                               E. Andrew.Kasoulis@frasers.group
 Barclays Bank PLC, acting through

 its Investment Bank

 Nicola Tennent                                T. 020 7623 2323

 Stuart Muress

 

 

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