REG - Berkeley Group Hldgs - Share Buyback Programme

Berkeley groupAnnouncement

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RNS Number : 4696C  Berkeley Group Holdings (The) PLC  30 April 2026

30 April 2026

 

The Berkeley Group Holdings plc

(the "Company" or "Berkeley")

 

Share Buy-Back Programme

 

As part of its ongoing shareholder returns programme, and to enable the
Company to continue acquiring its shares during its year-end closed period,
which begins on 1 May and ends on 24 June 2026, Berkeley is announcing its
intention to implement a share buy-back programme (the "Programme") to
purchase ordinary shares of 5.61 pence each in the capital of the Company (the
"Shares") for a maximum total consideration of £25 million over this period.

 

The Company has entered into an agreement in relation to the Programme with
Barclays Bank PLC, acting through its Investment Bank ("Barclays") who will
make trading decisions independently of, and uninfluenced by, the Company
enabling purchases to continue during closed periods in accordance with
Commission Delegated Regulation (EU) No 2016/1052 with regard to regulatory
technical standards for the conditions applicable to buyback programmes and
stabilisation measures (as it forms part of the law of the United Kingdom by
virtue of the European Union (Withdrawal) Act 2018). All shares repurchased
under the Programme will be cancelled. The purpose of the Programme is
therefore to reduce the Company's share capital.

 

Any purchase of Shares contemplated by this announcement will be carried out
on the London Stock Exchange and any other UK recognised investment exchange
which may be agreed, in accordance with pre-set parameters, and in accordance
with the Company's general authority to repurchase ordinary shares granted by
its shareholders at the Company's Annual General Meeting on 5 September 2025
("AGM") (with the maximum number of Shares that may be purchased reduced to
reflect the number of Shares the Company has purchased since the AGM), the
Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the
European Union (Withdrawal) Act 2018) and the Financial Conduct Authority's UK
Listing Rule 9.6. Any purchase of Shares pursuant to the Programme will be
announced no later than required by UK Listing Rule 9.6.6R.

 

As noted above, the Programme is expected to cover the period from 1 May 2026
and end no later than 24 June 2026.

 

Victoria Mee

Company Secretary

The Berkeley Group Holdings plc

Tel: 01932 868555

 

Enquiries:

Tim Robertson

Novella Communications

Tel: 020 3151 7008

 

LEI: 2138009OQSSLVVHQAL78

 

END

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