REG - Angling Direct PLC - Extension of Share Buyback Programme

Angling DirectAnnouncement

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RNS Number : 8992K  Angling Direct PLC  10 December 2025

10 December 2025

 

Angling Direct plc

("Angling Direct" or the "Company" or the "Group")

 

Extension of Share Buyback Programme

 

Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing
tackle and equipment retailer, is pleased to provide the following update in
relation to its share buyback programme (the "Share Buyback Programme").

On 9 December 2024, the Company announced a £4.0 million share buyback
programme as part of its capital allocation policy. Since the commencement of
the Share Buyback Programme, the Company has repurchased 4,523,000 1  Ordinary
Shares of 1 penny each (the "Ordinary Shares") in aggregate, at an average
price of 38.4 pence per Ordinary Share for a total consideration of
approximately £1.735 million (excluding the associated dealing costs).

Approximately £2.265 million remains undeployed (the "Undeployed Amount")
under the Share Buyback Programme. The Board has therefore resolved to extend
the expiry date for the Share Buyback Programme from 10 December 2025 until
the close of business on 10 December 2026. This is to provide an opportunity
for the Undeployed Amount to be applied on further buybacks of Ordinary Shares
up to the maximum consideration of £4.0 million.

Further details

The Company has instructed Singer Capital Markets Securities Limited ("Singer
Capital Markets") to continue conducting the Share Buyback Programme on its
behalf within certain pre-set parameters, including that the maximum amount
(excluding expenses) of share value that can be traded in one week is
£250,000.

The Company may terminate the Share Buyback Programme (at any time) provided
that it is not in a closed period or party to any inside information which has
not previously been disclosed via Regulatory Information Service. The Share
Buyback Programme will also terminate if the general authority to repurchase
Ordinary Shares is not renewed at the Company's next AGM in 2026.

The Company has determined that it will not rely on the safe harbour
conditions for trading set out in Article 5 of EU Market Abuse Regulation
(2014/596/EU) (which forms part of domestic UK law pursuant to the European
Union (Withdrawal) Act 2018) ("UK MAR") given the limited liquidity in the
Ordinary Shares and limitations that it would impose on the number of Ordinary
Shares that can be purchased.

Singer Capital Markets will continue to make its trading decisions in relation
to the Ordinary Shares independently of the Company. There is no guarantee
that the Share Buyback Programme will be implemented in full.

Any purchases will be on market purchases of Ordinary Shares and made in
accordance with the general authority of the Company to repurchase
Ordinary Shares granted at the Company's AGM. Any Ordinary Shares purchased
under the Share Buyback Programme will be held by the Company in treasury.

The Company is satisfied that it is not currently in a closed period, nor is
it party to any inside information which is not disclosed in this announcement
or has not been previously disclosed via Regulatory Information Service.

As at the close of business on 9 December 2025, the Company had an unutilised
capacity to buy back up to a further 7,113,430 Ordinary Shares under the
authority granted at the Annual General Meeting on 19 June 2025.

Total voting rights

As at the close of business on 9 December 2025, the Company's total issued
share capital consists of 77,267,304 Ordinary Shares, of which 4,253,000
Ordinary Shares are held in treasury, therefore, the total number of Ordinary
Shares carrying voting rights is 73,014,304. This figure 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.

( 1 ) Of which 270,000 Ordinary Shares were issued out of treasury to satisfy
the exercise of share options on 10 March 2025

For further information please contact:

 

 Angling Direct plc                         via FTI Consulting
 Steven Crowe, Chief Executive Officer

 Sam Copeman, Chief Financial Officer

 Singer Capital Markets - NOMAD and Broker  +44 (0) 20 7496 3000
 Peter Steel

 Tom Salvesen

 James Todd

 FTI Consulting - Financial PR              +44 (0) 20 3727 1000
 Alex Beagley                               anglingdirect@fticonsulting.com (mailto:anglingdirect@fticonsulting.com)

 Matthew Young

 

Angling Direct is the leading omni-channel specialist fishing tackle retailer
in the UK, with an established and growing presence in Europe. Headquartered
in Norfolk UK, the Company sells fishing tackle products and related equipment
through its network of in excess of 50 UK retail stores, as well as through
its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing
Club app. The Company has three further native language websites in its key
European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled
by its international distribution centre in The Netherlands. Angling Direct's
purpose is to inspire everyone to get out and enjoy an exceptional fishing
experience, regardless of background or ability, in the great outdoors.
Angling Direct's active digital channels and over 500 colleagues contribute to
the Company's ethos of care for the wider community and the environment
(www.anglingdirect.co.uk/sustainability). Angling Direct currently sells over
25,000 fishing tackle products from industry leading brands alongside its own
brands 'Advanta', and entry level offering 'Discover'.

 

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