REG-Bodycote Plc: Extension of Share Buyback Programme

BodycoteAnnouncement

Wed 07:15

       www.bodycote.com

30 July 2025   

Bodycote plc

Extension of Share Buyback Programme

 

Bodycote plc (”Company”), the world's leading provider of heat treatment
and specialist thermal processing services, today confirms its intention to
further extend its share buyback programme, as originally announced on 15
March 2024 ('Programme'), by a further £30 million resulting in a total
maximum aggregate consideration of £120 million being allocated to the
Programme.

 

Having completed the third £30 million tranche on 9 July 2025, the Company
has now entered into a further agreement with Jefferies International Limited
("Jefferies") to execute an additional £30 million share buyback as an
extension to the original Programme (the 'Extended Programme') to start
immediately. Under this arrangement, Jefferies will carry out on-market
purchases of ordinary shares. Jefferies will make its trading decisions in
relation to the Extended Programme independently of, and uninfluenced by, the
Company. Purchases may continue during any close period to which the Company
is subject during the Extended Programme.

 

The Extended Programme will otherwise continue to be subject to the same
parameters, and for the same purpose, as set out in the Company's original
share buyback announcement issued on 15 March 2024, in particular with respect
to the volume of shares that can be traded. The maximum number of shares which
can be repurchased under the Programme is currently 17,949,908. The Extended
Programme will be conducted at all times within the limits of the applicable
authority granted by shareholders at the 2025 AGM to repurchase the Company's
ordinary shares in issue. It is anticipated that the Extended Programme will
end no later than end January 2026. The sole purpose of the Extended Programme
is to reduce the Company's share capital and accordingly, the purchased
ordinary shares will be cancelled.

 

This Extended Programme will be conducted in accordance with the Company's
general authority to repurchase Ordinary Shares, Chapter 9 of the FCA’s
Listing Rules, and in accordance with the parameters prescribed by the Market
Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European
Union (Withdrawal) Act 2018). Share purchases in relation to the Extended
Programme will be carried out on the open market via the London Stock Exchange
and/or other recognised investment exchange(s) for the purposes of section 693
of the Companies Act 2006 and may be made from time to time depending on
market conditions, share price, trading volume and other factors. Purchases
may continue during any closed period to which the Company is subject during
the engagement period.

 

 

 

About Bodycote

Bodycote is the world's largest provider of thermal processing services with a
global footprint. Through Specialist Technologies and Precision Heat
Treatment, Bodycote improves the properties of metals and alloys, extending
the life of vital components for a wide range of industries, including
Aerospace, Defence, Automotive, Power Generation, Oil & Gas, Construction,
Medical and Transportation. Customers have entrusted their products to
Bodycote's care for more than 50 years. For more information, visit
www.bodycote.com.

 

For further information, please contact:

Bodycote plc

Jim Fairbairn, Chief Executive Officer

Ben Fidler, Chief Financial Officer

Peter Lapthorn, Head of FP&A and Investor Relations

Tel: +44 1625 505300

FTI Consulting

Richard Mountain

Susanne Yule

Tel: +44 203 727 1340

 

 

 

 



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