REG - AEP Plantations PLC - Share Buyback Programme

AEP PlantationsAnnouncement

06/01/2026 08:00

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RNS Number : 7968N  AEP Plantations PLC  06 January 2026

6 January 2026

 

 

AEP Plantations Plc

("AEP" or the "Company")

 

Share Buyback Programme

 

AEP Plantations plc, which owns, operates and develops sustainable palm-oil
production in Indonesia and Malaysia, is pleased to announce that it will
commence a new share buyback programme (the "Programme") with effect from 6
January 2026. This follows the completion of the share buyback programme on 3
December 2025 that was originally announced on 11 August 2025.

 

The Programme will have a quantum of up to £8 million (in aggregate) to be
used to buy back AEP's ordinary shares of 25 pence each ("Shares") in the
market over the course of the period from the date of this announcement until
30 June 2026 or, if earlier, on the date of the Company's 2026 AGM ("Expiry
Date").

 

The Board believes that AEP's Shares are undervalued relative to the Group's
strong fundamentals and growth potential. By repurchasing shares AEP aims to
enhance earnings per share and deliver greater value to remaining
shareholders.

 

In order to implement the Programme, and consistent with the terms of the
previous share buyback programme, AEP has entered into an agreement with
Cavendish Capital Markets Limited ("Cavendish") on the following basis:

 

·      Cavendish will manage the purchases on a discretionary basis,
purchasing Shares within certain pre-set parameters and making its trading
decisions independently of, and uninfluenced by the Group. Purchases may
therefore continue during any closed periods of the Group.

 

·      The Programme will operate under the authority granted to the
Group by shareholders at the Group's most recent Annual General Meeting, held
on 23 June 2025.

 

·      Any Shares purchased will be held as treasury shares.

 

·      The Group has authorised the Programme to commence with immediate
effect and will continue whilst it retains the authority from shareholders to
repurchase Shares until the Expiry Date.

 

·      Shareholders should be aware that the Programme may on any given
trading day represent a significant portion of the daily traded volume in the
Group's Shares on the London Stock Exchange, and the Group expects daily
volumes may exceed 25% of the average daily traded volume on the London Stock
Exchange. Accordingly, the Group may not benefit from the exemption contained
in Article 5(1) of MAR.

 

·      Outside of the above, the Programme will be conducted in
accordance with the other safe harbour parameters as prescribed by MAR.

 

 

Enquiries:

 

 AEP Plantations Plc                                                +44 (0) 20 7216 4621
 Marcus Chan Jau Chwen, Executive Director (Corporate Affairs)
 Kevin Wong Tack Wee, Group Chief Executive Officer

 Montfort Communications Limited - Financial PR

 Ann-marie Wilkinson, Shireen Farhana, Catherine Winterton          aep@montfort.london

 Cavendish Capital Markets Limited - Financial Adviser and Broker   +44 (0) 20 7220 0500
 Matt Goode, George Lawson, Trisyia Jamaludin (Corporate Finance)
 Tim Redfern, Harriet Ward (Corporate Broking)

 

 

 

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