REG - Character Group PLC - Extension of & increase to Share Buyback Programme

CharacterAnnouncement

03/04/2024 07:00

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RNS Number : 0561J  Character Group PLC  03 April 2024

 

Wednesday, 3 April 2024

 

 

The Character Group plc

("Character" or the "Company")

 

 

Extension of and increase to Share Buyback Programme

 

On 6 February 2024, Character (AIM: CCT) announced a £1.0 million share
buyback programme as part of its strategy to reduce the Company's share
capital. Since the commencement of the Share Buyback Programme, the Company
has repurchased for cancellation 365,770 Ordinary Shares in aggregate at a
volume weighted average price of 264 pence per Ordinary Share for a total
consideration of £964,059.49.

Character today announces that, further to the Company's announcement on 6
February 2024, the Board has resolved to increase the Share Buyback Programme
by up to an additional £1.0 million, to a maximum consideration of £2.0
million. All other terms of the Share Buyback Programme as set out in the
announcement on 6 February 2024 remain unchanged.

The Company will continue to make regulatory announcements in respect of its
repurchases of Ordinary Shares, as required by UK MAR and the AIM Rules.

The Company confirms that it currently has no other unpublished price
sensitive information at the time of this announcement.

As at 2 April 2024, the Company's total issued share capital consisted of
19,000,000 Ordinary Shares (excluding treasury shares) and 2,100,159 shares
held in treasury. Therefore, the total number of voting rights in the Company
was 19,000,000.

The Company has an unutilised capacity to buy back up to a further 2,524,230
Ordinary Shares under the authority granted at the Annual General Meeting on
19 January 2024.

All capitalised terms in this announcement shall have the same meaning as
defined in the Company's announcement on 6 February 2024 unless the context
provides otherwise.

 

The Character Group plc

FTSE sector:  leisure goods

FTSE AIM All-share: symbol: CCT

Market cap: £ 50 million

Email:  info@charactergroup.plc.uk (mailto:info@charactergroup.plc.uk)

Group website: www.thecharacter.com (http://www.thecharacter.com)

Product ranges can also be viewed at www.character-online.co.uk
(http://www.character-online.co.uk)

CHARACTER GROUP PLC CCT Stock | London Stock Exchange
(https://www.londonstockexchange.com/stock/CCT/character-group-plc/company-page)

 

 

 

 Enquiries to:

 The Character Group plc

 Jon Diver, Joint Managing Director

 Kiran Shah, Joint Managing Director & Group Finance Director

 Office:  +44 (0) 208 329 3377

 Mobile: +44 (0) 7831 802219 (JD)

 Mobile: +44 (0) 7956 278522 (KS)

 Panmure Gordon (Nominated Adviser and Joint Broker)

 Atholl Tweedie / Daphne Zhang, Investment Banking

 Rupert Dearden / Rauf Munir, Corporate Broking

 Tel:  +44 (0) 20 7886 2500

 Allenby Capital Limited (Joint Broker)

 Nick Athanas, Corporate Finance

 Amrit Nahal / Tony Quirke, Sales & Corporate Broking

 Tel:  +44 (0) 20 3328 5656

 TooleyStreet Communications Limited (Investor and media relations)

 Fiona Tooley

 Tel:  +44 (0) 7785 703523

 Email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

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