REG - Baltic Classifieds - Notice of GM

Baltic ClassifiedsAnnouncement

27/04/2026 14:45

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RNS Number : 0562C  Baltic Classifieds Group PLC  27 April 2026

27 April 2026

Baltic Classifieds Group PLC

 

(the "Company" and "BCG")

 

Notice of General Meeting to seek additional buyback authority

 

Baltic Classifieds Group PLC (LSE: BCG), the leading online classifieds group
in the Baltics, announces that in order to provide increased capital returns
flexibility, the Board of BCG (the "Board") intends to seek additional buyback
authority.

 

The Company confirms that the Notice of General Meeting ("GM") has today been
issued to shareholders and is available to download from the Company's website
at https://balticclassifieds.com (https://balticclassifieds.com) . The GM will
be held at 11.00 am (local time) / 9.00 am (BST) on Wednesday 27 May 2026, at
Hotel Telegraaf, Vene St. 9, Tallinn, Estonia.

 

The Board believes that the prevailing BCG share price does not reflect the
Company's underlying fundamentals or long-term prospects. The authority
obtained at the Annual General Meeting in September 2025 (the "2025 AGM")
allowed BCG to purchase a maximum of 48,435,267 shares. Since the 2025 AGM,
BCG has made good progress with its buyback programme. As at 21 April 2026,
the Company has completed £62.5 million of repurchases, retiring 32,751,698
shares, representing approximately 6.8 per cent of the issued share capital.

 

Given the level of buybacks completed under the 2025 AGM authority, the
Company intends to seek an incremental one-off authority, in advance of the
Annual General Meeting in September 2026 (the "2026 AGM"), to purchase up to a
maximum of 10 per cent of the issued share capital.

 

BCG continues to see strong free cash flow generation and has put in place
incremental debt facilities to facilitate a more accelerated share buyback
programme.

 

Trevor Mather, Chair of the Board of Directors of Baltic Classifieds Group,
said:

 

"BCG's continued resilient performance and confidence in its long-term
outlook, together with the strength of our balance sheet have enabled the
Board to consider alternatives to increase returns to shareholders. The
Company has made good progress under its existing buyback programme, and
following consultation with a number of our shareholders, is pleased to seek
further authority to increase the size of the programme. The Board remains
committed to its stated capital allocation framework and priorities, and
believes that share buybacks represent an attractive use of capital at the
prevailing share prices"

 

In accordance with UK Listing Rules 6.4.1, copy of the Notice of Meeting and
form of proxy for the GM have been submitted to the National Storage Mechanism
and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Enquiries:

 

Company Secretary: E-mail: cosec@balticclassifieds.com

 

 

About Baltic Classifieds Group PLC

 

Baltic Classifieds Group PLC ("BCG") is the leading online classifieds group
in the Baltics, which owns and operates fourteen leading vertical and
generalist online classifieds portals in Lithuania, Estonia and Latvia. BCG's
online classifieds portfolio comprises four business lines - auto, real
estate, jobs & services and generalist. The Group listed on the London
Stock Exchange in July 2021 and is a member of the FTSE 250 Index.

 

For more information, please visit https://balticclassifieds.com/
(https://balticclassifieds.com/)

 

 

Baltic Classifieds Group PLC LEI: 213800I1RPHCFSSQS969

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