REG - Begbies Traynor Grp - Launch of Share Buyback Programme

Begbies TraynorAnnouncement

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RNS Number : 0721Q  Begbies Traynor Group PLC  08 July 2025

8 July 2025

 

Begbies Traynor Group plc

 

Launch of Share Buyback Programme

 

Begbies Traynor Group plc (the "Company" or the "Group"), today announces that
it is commencing a share buyback programme of up to 1.0 million ordinary
shares of 5 pence each ("Ordinary Shares"), from the date of this announcement
(the "Share Buyback Programme").

 

The purpose of the Share Buyback Programme is to mitigate future dilution
arising from anticipated exercise of certain share options by staff alongside
satisfaction of certain deferred consideration obligations. The Share Buyback
Programme will be financed from the Group's existing resources, whilst
retaining sufficient funds for further accretive acquisitions and organic
investments. The Board believes this is a good use of the Group's financial
resources and reflects their confidence in the Group's cash generation
capabilities, strong balance sheet and long-term prospects, as well as
providing the opportunity to take advantage of prevailing market conditions to
repurchase shares at favourable levels.

 

The Share Buyback Programme will be for on market purchases of Ordinary Shares
in the Company in accordance with certain pre-set parameters. The share
buyback will take place within the limitations of the authority granted at the
2024 Annual General Meeting (the "2024 General Authority")

 

The Company has entered into arrangements with Canaccord Genuity Limited
("Canaccord") to conduct the Share Buyback Programme on its behalf on a
broker-managed basis in relation to the purchase of Ordinary Shares of the
Company during the period commencing 8 July 2025 and 8 September 2025.
Canaccord will make its trading decisions concerning the timing of the
purchases of Ordinary Shares under the Share Buyback Programme independently
of, and uninfluenced by, the Company.  The repurchased shares will be held in
treasury.

 

The Share Buyback Programme will be conducted within certain pre-set
parameters, and in accordance with the General Authority and the provisions of
the Market Abuse Regulation 596/2014/EU as amended by the Market Abuse
(Amendment) (EU Exit) Regulations 2019  and the Commission Delegated
Regulation 2016/1052/EU as amended by Technical Standards (Market Abuse
Regulation) (EU Exit) Instrument 2019 which both form part of the law of the
United Kingdom by virtue of the European Union (Withdrawal) Act 2018.

 

As at the date of this announcement, the Company's total issued share capital
consisted of 159,730,566 Ordinary Shares, with one voting right per share. The
Company holds no Ordinary Shares as treasury shares, therefore the total
number of voting rights in the Company was 159,730,566.

 

Enquiries please contact:

 

Begbies Traynor Group plc
                              0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

 

Canaccord Genuity Limited
 
      020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James / Harry Pardoe

 

Shore Capital (Joint Broker)
                                 020 7408 4090

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

 

MHP
 
            020 3128 8100

Reg Hoare / Katie Hunt / Charles Hirst
                          begbies@mhpgroup.com
(mailto:begbies@mhpgroup.com)

 

Information on Begbies Traynor Group can be accessed via the group's website
at ir.begbies-traynorgroup.com

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