REG - Aeorema Comms Plc - Commencement of share buyback programme

Aeorema CommunicationsAnnouncement

12/05/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250512:nRSL1248Ia&default-theme=true

RNS Number : 1248I  Aeorema Communications Plc  12 May 2025

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media 

 

12 May 2025

 

 Aeorema Communications plc

('Aeorema', 'the Company' or 'the Group') 

 

Commencement of share buyback programme

 

Aeorema Communications plc (AIM: AEO), a leading strategic communications
group, announces that it intends to conduct on-market purchases under a share
buyback programme to repurchase ordinary shares of 12.5 pence each in the
capital of the Company ("Ordinary Shares"), up to an aggregate amount of 5
per cent. of the Company's issued share capital, pursuant to the authority
obtained at the Company's annual general meeting on 12 December 2024 (the
"Buyback Programme").

 

The Buyback Programme reflects the Board's confidence in the long-term outlook
for the Group. The purpose of the Buyback Programme is to reduce the share
capital of the Company.

 

The Buyback Programme will be funded from the Company's existing surplus cash
resources and all Ordinary Shares purchased will be cancelled.  The Company
intends to operate the Buyback Programme from the date of this announcement
until the earliest of buying back 484,650 Ordinary Shares or the date of the
next AGM in 2025.

 

The Company has appointed Shard Capital Partners LLP ("Shard Capital") to
execute and manage the Buyback Programme and has entered into an arrangement
whereby Shard Capital can make market purchases of Ordinary Shares on its
behalf, independently of the Company. Shard Capital will make its trading
decisions in relation to the Ordinary Shares independently of and uninfluenced
by the Company with such trading decisions being in line with the terms of the
Buyback Programme.

 

The maximum price which may be paid by the Company per Ordinary Share shall
not be more than the higher of 105 per cent of the average of the middle
market quotations for an Ordinary Share as derived from the AIM market of the
London Stock Exchange plc for the five business days immediately preceding the
day on which an Ordinary Share is contracted to be purchased.

 

Due to the relatively low liquidity in the Ordinary Shares, the Company may
purchase Ordinary Shares pursuant to the Buyback on any trading day materially
in excess of 25 per cent of the average daily volume (but remain below 50%),
being the limits prescribed pursuant to Article 5(1) of the EU Market Abuse
Regulation (2014/596/EU) (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018) ("UK MAR") and accordingly, the Company
may not benefit from that exemption.

 

There is no guarantee that the Buyback Programme will be implemented in full
or that any purchases will be made. The Company reserves the right to bring a
halt to the Buyback Programme under circumstances that it deems to be
appropriate and in accordance with relevant law and regulation.

 

As at the time of this announcement, the Company's total issued share capital
consists of 9,693,000 Ordinary Shares. The Company does not hold any shares in
treasury.  Therefore, the total number of Ordinary Shares carrying voting
rights is 9,693,000.

 

The above figure of 9,693,000 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

The Company will make further announcements in due course following any share
purchases conducted through the Buyback Programme.

 

The Company confirms that, other than as disclosed in this announcement, it is
not currently in possession of any unpublished inside information.

 

This announcement contains inside information for the purposes of UK MAR.

 

**ENDS**

 

For further information on the Company please visit www.aeorema.com
(http://www.aeorema.com/) or contact:

 

 Aeorema Communications plc                                                  Tel: +44 (0) 20 7291 0444 

  Andrew Harvey 

 Allenby Capital Limited (Nominated Adviser & Broker)                        Tel: +44 (0)20 3328 5656 

 John Depasquale / Lauren Wright (Corporate Finance) 

 Kelly Gardiner / Joscelin Pinnington (Sales & Corporate Broking) 

  St Brides Partners Ltd (Financial PR)                                       aeorema@stbridespartners.co.uk (mailto:aeorema@stbridespartners.co.uk)  

 Paul Dulieu / Isabel de Salis/ William Turner  

 

Notes to Editors 

Aeorema Communications plc, (AIM: AEO) is a leading strategic communications
group with offices in London, New York and Amsterdam. The Group provides
bespoke event services, comprising live, virtual, and hybrid experiences to an
established international blue-chip client base spanning a broad range of
sectors, including finance, professional services, advertising, IT, gaming,
fashion, fintech, and beverages. The Group also provides high level
consultancy services to help clients maximise and deliver on their long-term
communication strategies over multiple event and film touchpoints. 

 

 Aeorema delivers these services via its fully owned companies Cheerful
Twentyfirst and Cheerful Twentyfirst, Inc. (the North American arm of Cheerful
Twentyfirst) (www.cheerfultwentyfirst.com
(http://www.cheerfultwentyfirst.com/) ), two live events agencies with film
capabilities that specialise in devising and delivering corporate
communication solutions. The Group also operates Eventful Limited
(www.eventful.co.uk), which provides consultative, high-touch services
including assisting clients with venue sourcing, event management and
incentive travel. With more than 56 years of combined operating experience and
extensive award wins, Aeorema is a recognised industry thought leader. 

 

 Central to all that the Group does is its Corporate Social Responsibility
charter, which is focussed on ensuring sustainable, inclusive and ethical
business operations. To this end, the Group is a pioneer in delivering
innovative strategies and services, including a client carbon measurement
programme to establish a formal structure and approach around reducing
emissions and offsetting both its own and its clients' carbon footprint. 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBXGDUUGGDGUC