REG - Wickes Group PLC - Share Buyback Programme

WickesAnnouncement

16/09/2024 07:45

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RNS Number : 3001E  Wickes Group PLC  16 September 2024

Wickes Group Plc

 

Completion of second tranche of Share Buyback Programme

 

On 19 March 2024, Wickes Group Plc (the "Company") announced the commencement
of the second tranche of its £25 million share buyback programme (the
"Programme") previously announced on 28 July 2023.  The Company is pleased to
announce that it has completed the second tranche of the Programme.

Between 19 March 2024 and 13 September 2024, 8,344,266 ordinary shares were
repurchased for cancellation at an average price of 149.8 pence per share and
a total cost, (excluding associated costs and stamp duty), of £12.5 million.
This represents approximately 3.2 per cent. of the issued share capital when
the buyback programme commenced.

Over the course of both tranches of the Programme, 17,571,699 shares were
repurchased for cancellation at an average price of 142.3 pence per share.
This represents approximately 6.8 per cent. of the issued share capital when
the buyback programme commenced.

An update on future plans in relation to the buyback programme will be
provided with the release of the Company's Full Year results in March 2025.

 

For further information please contact:

Holly Grainger

Director of Investor Relations

07341 680426

holly.grainger@wickes.co.uk

 

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