Hollywood Bowl Group plc Share Buyback Programme
05 Febbraio 2024 - 8:00AM
RNS Regulatory News
RNS Number : 9028B
Hollywood Bowl Group plc
05 February 2024
5 February 2024
Hollywood
Bowl Group plc
("Hollywood
Bowl" or the "Group")
Share
Buyback Programme
On 18 December 2023, in its Final Results for
the 12 months ended 30 September 2023, Hollywood Bowl announced its
intention to launch a share buyback programme of up to £10 million
(the "Share Buyback Programme").
Hollywood Bowl announces that, pursuant to the
Share Buyback Programme, it has entered into a non-discretionary
agreement with Investec to purchase up to an initial £5 million
(excluding any associated costs and stamp duty) of the Company's
Ordinary Shares of 1 pence each (the "Shares") and to make trading
decisions under the Share Buyback Programme independently of the
Company in accordance with certain pre-set parameters. The Share
Buyback Programme will commence today and end no later than 29
January 2025.
The purpose of the Share Buyback Programme is to
reduce the share capital of the Company. As such, the Company will
cancel any Shares purchased.
Any purchases of Shares will be carried out
within certain pre-set parameters and in accordance with the
Company's existing general authority to repurchase Shares and with
the EU Market Abuse Regulation (Regulation (EU) No 596/2014) and
Commission Delegated Regulation (EU) 2016/1052 (in each case as
such legislation forms part of Retained EU Law (as defined in the
European Union (Withdrawal) Act 2018)) and Chapter 12 of the
Financial Conduct Authority's Listing Rules. During any closed
periods the Company and its directors have no power to invoke any
changes to the programme and it will be executed at the sole
discretion of Investec.
Enquiries:
|
|
Hollywood Bowl Group PLC
Stephen Burns, Chief Executive
Officer
Laurence Keen, Chief Financial
Officer
Mat Hart, Chief Marketing and
Technology Officer
|
Via Teneo
|
|
|
Elizabeth Snow
Laura Marshall
Ayo Sangobowale
|
Hollywoodbowl@teneo.com
+44 20 7260 2700
|
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