Frasers Group PLC Share Buyback Programme (4506F)
07 Novembre 2022 - 8:00AM
UK Regulatory
TIDMFRAS
RNS Number : 4506F
Frasers Group PLC
07 November 2022
Date: 7 November 2022
Frasers Group Plc
("Frasers Group" or the "Company")
Share Buyback Programme
The Company announces that it has instructed Liberum Capital
Limited in relation to an irrevocable, non-discretionary share
buyback programme to purchase the Company's shares during the
forthcoming closed period, which commences today, 7 November 2022,
and will end on the day the Company reports its half year results
(expected to be 8 December 2022) (the "Closed Period
Programme").
Liberum Capital Limited will conduct the Closed Period Programme
on the Company's behalf and make trading decisions under the Closed
Period Programme independently of the Company. The maximum number
of shares that may be purchased under the Closed Period Programme
will be 10,000,000 ordinary shares and the aggregate purchase price
of all shares acquired under the Closed Period Programme will be no
greater than GBP70,000,000.
The purpose of the Closed Period Programme is to reduce the
share capital of the Company.
The Closed Period 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 2022
annual general meeting and Chapter 12 of the Listing Rules. A
buyback of ordinary shares on any trading day may exceed the 25% of
the average daily trading volume specified in the provisions of the
Market Abuse Regulation 596/2014/EU dealing with buyback
programmes. The shares repurchased by the Company will be held in
treasury pending cancellation or re-issue.
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
Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. frasersgroup@brunswick.com
Numis
Luke Bordewich T. 020 7260 1000
Ollie Steele
Duncan Wilson
Liberum
John Fishley T. 020 3100 2000
Edward Thomas
Kane Collings
Nikhil Varghese
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END
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November 07, 2022 02:00 ET (07:00 GMT)
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