Frasers Group PLC Share buyback programme
12 Febbraio 2024 - 8:00AM
RNS Regulatory News
RNS Number : 7249C
Frasers Group PLC
12 February 2024
Date: 12 February 2024
Frasers Group
Plc
("Frasers Group" or the
"Company")
Share Buyback
Programme
The Company announces that it intends
to commence a new share buyback programme with Deutsche Numis from
today's date for the period up to and including the last trading day prior to the Company's financial year end
on 28th April 2024. (the "Programme")
The aggregate purchase price of all
shares acquired under the 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.
The purpose of the Programme is to
reduce the share capital of the Company. The shares repurchased by the Company will be held in treasury
pending cancellation or re-issue.
The Programme will be conducted
within certain pre-set parameters, 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. Any buyback pursuant to the general authority on
any trading day may represent a significant proportion of the daily
trading volume in the ordinary shares on the London Stock Exchange
and may exceed 25 per cent. of the average daily trading volume,
being the limit laid down in Article 5(1) of Regulation (EU) No
596/2014 (as incorporated into UK domestic law by the European
Union (Withdrawal) Act 2018) and the Commission Delegated
Regulation (EU) 2016/1052 (as incorporated into UK domestic law by
the European Union (Withdrawal) Act 2018) dealing with buyback
programmes and, accordingly, the Company will not benefit from the
exemption contained in that Article.
Ends.
Frasers Group plc
Robert Palmer, Company
Secretary
T. 0344 245 9200
LEI:213800JEGHHEAXIJDX34
E. investor.relations@frasers.group
Chris Wootton, Chief Financial
T. 0344 245 9200
Officer
E. financial@frasers.group
Ronnie Laffar, Head of PR &
T. 07585 886189
Communications
E. fgpr@frasers.group
Andrew Kasoulis, Investor Relations
Director
T. 07826 532191
E. investor.relations@frasers.group
Deutsche
Numis
Luke Bordewich
Ollie Steele
|
T. 020 7260 1000
|
|
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