REG - Centrica PLC - Update on Share Buyback Extension

CentricaAnnouncement

03/03/2025 07:15

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RNS Number : 9832Y  Centrica PLC  03 March 2025

 

Centrica plc

 

 

3 March 2025

 

Update on Share Buyback Extension

 

In its 2024 Preliminary Results on 20 February 2025, the Company announced a
further £500 million extension of the Company's share buyback programme, to
be completed by around the end of 2025 (the "2025 Extension"), taking the
total programme to £2.0bn.

In order to facilitate the 2025 Extension, the non-discretionary agreement
that the Company entered into with Merrill Lynch International ("Merrill
Lynch") to conduct share repurchases on its behalf up to an aggregate
consideration of £270 million (the "2024-25 Extension"), which the Company
announced on 27 December 2024, has been amended so that the period during
which Merrill Lynch will conduct such repurchases will now end no later than
13 June 2025 (instead of 26 September 2025 as previously announced). The
parameters of the 2024-25 Extension otherwise remain as set out in the
announcement on 27 December 2024.

The Company further announces that, following the purchase of shares on 28
February 2025, Goldman Sachs International has concluded its purchase of
shares pursuant to the non-discretionary agreements with the Company announced
on 8 August 2024 and 27 December 2024. Pursuant to these agreements, the
Company has repurchased 181,529,791 ordinary shares in aggregate at an average
execution price of 126.70 pence per ordinary share for a total consideration
(excluding dealing and associated costs) of approximately £229,999,334.

 

Enquiries:

Investors and Analysts

E: ir@centrica.com

 

Media

T: 01784 843000

E: media@centrica.com

 

 

END

 

Centrica plc is listed on the London Stock Exchange (CNA)

Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654

Legal Entity Identifier number: E26EDV109X6EEPBKVH76

ISIN number: GB00B033F229

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