Grafton Group PLC Launch of Share Buyback Programme
29 Agosto 2024 - 8:00AM
RNS Regulatory News
RNS Number : 0674C
Grafton Group PLC
29 August 2024
Grafton Group
plc
Share Buyback
Programme
Grafton Group plc (the "Group" or the "Company"), the international building
materials distributor and DIY retailer, today announced its
intention to introduce a new share buyback programme.
The Company also announces today
that it has entered into non-discretionary arrangements with
Goodbody Stockbrokers UC (acting as agent) and Numis Securities
Limited (acting as principal) to conduct a further share buyback
programme and to buy back ordinary shares (the "Shares") for a maximum aggregate
consideration of up to £30 million and to make trading decisions
under the programme independently of the Company in accordance with
certain pre-set parameters (the "Buyback").
The Buyback will commence today, 29
August 2024, and end no later than 31 December 2024 subject to
market conditions. Under the terms of the Buyback, the Shares will
be repurchased on the London Stock Exchange and
cancelled.
The purpose of the Buyback is to
reduce the share capital of the Company in line with this
announcement. It will be conducted within the limits of the
authority granted by shareholders at the Company's AGM held on 2
May 2024 (the "AGM") to repurchase up to 10 per cent
of the Company's ordinary shares in issue as at the date of the AGM
(as reduced by any previous purchases of Shares pursuant to this
authority) such that the maximum number of Shares which can be
repurchased under the Buyback is 20,011,504 Shares.
The Buyback will also be conducted
within the parameters prescribed by the Market Abuse Regulation
596/2014 and the Commission Delegated Regulation (EU) 2016/1052
(also as in force in the UK, from time to time, including, where
relevant, pursuant to the UK's European Union (Withdrawal) Act 2018
and the Market Abuse (Amendment) (EU Exit) Regulations 2019) as
well as the applicable laws and regulations of the UK Financial
Conduct Authority.
The Company will make further
announcements in due course following any buy back of Shares. There
is no guarantee that the Buyback will be implemented in full or
that any Shares will be bought back by the Company.
For further information please
contact:
|
Investors
|
Media
|
|
|
|
|
|
|
Grafton Group plc
|
+353
1 216 0600
|
Murrays
|
+353
1 498 0300
|
|
Eric Born
|
Chief Executive Officer
|
Pat Walsh
|
+353
(0) 87 226 9345
|
|
David Arnold
|
Chief Financial Officer
|
|
|
|
|
|
Buchanan
Helen Tarbet
Toto Berger
|
GraftonGroup@buchanancomms.co.uk
+44
(0) 7872 604 453
+44
(0) 7880 680 403
|
|
|
|
|
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
MSCPPMPTMTJTBTI
Grafico Azioni Grafton Grp.uts (LSE:GFTU)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni Grafton Grp.uts (LSE:GFTU)
Storico
Da Mar 2024 a Mar 2025
