REG - Likewise Group PLC - Transaction in Own Shares and Exercise of Options

LikewiseAnnouncement

02/09/2024 07:00

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RNS Number : 4173C  Likewise Group PLC  02 September 2024

2 September 2024

 

 

Likewise Group plc

 

("Likewise", the "Company", or the "Group")

 

Transaction in Own Shares, Exercise of Share Options and TVR

 

 

Likewise Group plc (AIM: LIKE), the fast growing UK floor coverings
distributor, announces that on 30 August 2024 it purchased 15,496 ordinary
shares of £0.01 each in the Company (the "Repurchased Shares"), pursuant to
the share buyback programme (the "Buyback Programme") that was announced on 16
July 2024, as follows (together the "Transaction"):
 
 

 

 

 Date of purchase                                        30 August 2024
 Number of ordinary shares purchased                     15,496
 Highest price paid per ordinary share                   19.2 pence
 Lowest price paid per ordinary share                    19.2 pence
 Volume weighted average price paid per ordinary share   19.2 pence

 

 

The Company also announces that it has received notice from Roy Povey, former
Chief Financial Officer of the Company, to exercise the share options owed to
him pursuant to Company Enterprise Management Incentive Options Scheme,
amounting to 900,000 ordinary shares of £0.01 each ("Ordinary Shares") at an
exercise price of 10 pence each ("Exercise of EMI Options").

 

Application has been made for 900,000 Ordinary Shares to be admitted to
trading on AIM ("Admission"), with dealings expected to commence at 8.00 a.m.
on 6 September 2024.

 

Following the Transaction and Admission, the total issued share capital of
the Company will be 246,583,480 with 326,352 Ordinary Shares held in treasury.
The total voting rights in the Company will therefore be 246,257,128 which may
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 details of the purchase of its own ordinary shares by the Company,
which were all executed through the Company's broker, Zeus Capital Limited,
are set out below:

 

 Schedule of Purchases:
 Shares purchased:                   Likewise Group plc (ISIN: GB00BHNWH003)
 Date of purchases:                  30 August 2024

 Aggregate information:

 Aggregated Volume                   Volume-weighted         Venue

average price (pence)
 15,496                              19.2                    London Stock Exchange

 Individual transactions:

 Volume                              Price                   Time
  15,496                             19.2000 pence            13:05 UK

 

 

 For further information, please contact:
 Likewise Group plc                                                   Tel: +44 (0) 121 817 2900

 Tony Brewer, Chief Executive
 Zeus (Nominated Adviser and Joint Broker)                            Tel: +44 (0) 20 3829 5000

 Jordan Warburton / David Foreman / James Edis (Investment Banking)

 Dominic King / Fraser Marshall (Corporate Broking)
 Ravenscroft (Joint Broker)                                           Tel: +44 (0) 1481 732 746

 Semelia Hamon (Corporate Finance)

 

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