REG - Bridgepoint Group - Share Buyback Programme

BridgepointAnnouncement

02/06/2025 07:00

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RNS Number : 8488K  Bridgepoint Group plc  02 June 2025

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY
SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE
OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

 

Bridgepoint Group plc

("Bridgepoint" or the "Company")

Share Buyback Programme

 

2 June 2025

 

Bridgepoint today announces the reintroduction of a share buyback programme of
up to £50 million (the "Buyback Programme"). The Buyback Programme will run
from and including 2 June 2025 and is expected to be completed by 31 May 2026.

 

Bridgepoint's strategy and growth agenda, as outlined at the Capital Markets
Day in October 2024, remains unchanged.  However given ongoing market
volatility there is a benefit in Bridgepoint reintroducing the flexibility to
allocate some capital to repurchase its shares on an opportunistic basis.

 

Details of the Buyback Programme

 

Bridgepoint has appointed J.P. Morgan Securities plc ("JP Morgan Securities"),
as riskless principal, in relation to the purchase of ordinary shares in
Bridgepoint (the "Shares").

 

Such repurchases would take place in open market transactions and may be made
from time to time depending on market conditions, share price and trading
volume.  There is no certainty that any Share buybacks will be completed, or
that the maximum amount of purchases under the Buyback Programme will occur.
During any closed periods the Company and its Directors will not have any
power to invoke any changes to the Buyback Programme.

 

These arrangements are in accordance with Bridgepoint's general authority to
repurchase up to 82,393,098 Shares granted at its Annual General Meeting held
on 15 May 2025 (the "2025 AGM"), Chapter 9 of the UK Listing Rules, and those
provisions of Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated
into UK domestic law by the European Union (Withdrawal) Act 2018) and the
Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK
domestic law by the European Union (Withdrawal) Act 2018). The number of
Shares to be purchased under the Buyback Programme will not exceed 82,393,098
Shares and is therefore within the 2025 AGM approved limit.

 

Details of the authority granted at the 2025 AGM can be found on our website
at
https://www.bridgepointgroupplc.com/shareholder-centre/annual-general-meeting
(https://www.bridgepointgroupplc.com/shareholder-centre/annual-general-meeting)
.

 

The sole purpose of these Share purchases is to reduce the Company's share
capital.  Any Shares purchased pursuant to the Buyback Programme will be
cancelled.

 

 

ENQUIRIES

 

Bridgepoint

 

 Analysts and investors                                                 Media

 Adam Key                                                               Christian Jones / James Murray

 adam.key@bridgepointgroup.com (mailto:adam.key@bridgepointgroup.com)   christian.jones@bridgepointgroup.com

                                                                      (mailto:christian.jones@bridgepointgroup.com)
 +44 7833 748010                                                        james.murray@bridgepointgroup.com (mailto:james.murray@bridgepointgroup.com)

                                                                        +44 20 7034 3500

 

FGS Global (Public Relations Adviser to Bridgepoint)

 

James Murgatroyd / +44 20 7251 3801 / +44 7768 254 911

Anjali Unnikrishnan / +44 20 7251 3801 / +44 7826 534 233

bridgepoint-LON@fgsglobal.com (mailto:bridgepoint-LON@fgsglobal.com)

 

Legal Entity Identifier (LEI): 213800KFNMVI8PDZX472

 

 

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