REG - DCC PLC - Launch of £100 million Share Buyback Programme

DCCAnnouncement

27/05/2025 07:00

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RNS Number : 0919K  DCC PLC  27 May 2025

27 May 2025
Launch of £100 Million Share Buyback Programme

DCC plc ("DCC" or the "Company") announces that it will commence a Share
Buyback Programme today, 27 May 2025, to repurchase ordinary shares of the
Company (the "Shares") up to a maximum aggregate consideration of GBP £100
million (the "Programme"). The Programme forms part of the Company's intention
to return GBP £800 million of capital from the sale of DCC Healthcare to
shareholders which was announced as part of the Company's Full Year Results
Announcement on 13 May 2025.

Details of the programme

The Company has entered into agreements with J&E Davy and UBS AG London
Branch ("Banks") to act as principal to conduct the Programme and to
repurchase Shares on the Company's behalf for a maximum aggregate
consideration of up to GBP £100 million and to make trading decisions under
the Programme in accordance with certain pre-set parameters. Under the terms
of the agreements, the Banks will make purchases of the Shares under the
Programme independently of, and uninfluenced by, the Company.

The Programme will commence on 27 May 2025, and end no later than 30 September
2025, subject to market conditions. The purpose of the Programme is to reduce
the share capital of the Company in line with this announcement. Under the
terms of the Programme, the Shares will be repurchased on the London Stock
Exchange and will be cancelled. The Programme will be conducted in accordance
with:

(i) the Company's general authority to repurchase shares (which authorises the
repurchase of up to 10% of the issued share capital of the Company), as
approved by shareholders at the Company's AGM held on 11 July 2024 (and as
such authority may be renewed, extended or replaced) (the "Authority"); and

(ii) the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated
Regulation (EU) No 2016/1052 (including as each of them forms part of retained
EU law in the United Kingdom ("UK") from time to time, including, where
relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and
Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as the applicable
laws and regulations of the UK Financial Conduct Authority.

Details of any Shares repurchased under the Share Buyback Programme will be
notified to a Regulatory Information Service by the Company following
repurchase. Purchases may continue under the Programme during any closed
period to which the Company is subject. The Company confirms that it currently
has no unpublished inside information.

There is no guarantee that the Programme will be implemented in full or that
any Shares will be bought back by the Company.

​Contact information
 Investor enquiries:

 Kevin Lucey, Chief Financial Officer                        Tel: +353 1 2799 400
 Darragh Byrne, Company Secretary                            Email: investorrelations@dcc.ie
 Rossa White, Head of Group Investor Relations & Comms.
 Media enquiries:
 Sodali & Co (Eavan Gannon/Pete Lambie)                      Tel: +44 20 7250 1446
                                                             Email: DCCGroup@sodali.com

About DCC plc
Invested in Energy

DCC is a customer-focused energy business, specialising in the sales,
marketing, and distribution of secure, cleaner and competitive energy
solutions to commercial, industrial, domestic, and transport customers.
Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a
constituent of the FTSE 100. In our financial year ended 31 March 2025, DCC
generated revenues of £18.0 billion and adjusted operating profit
of £617.5 million. DCC has an excellent record, delivering compound annual
growth of 13% in continuing adjusted operating profit and unbroken dividend
growth of 13% while maintaining high returns on capital employed over 31 years
as a public company.

Follow us on LinkedIn (https://www.linkedin.com/company/dcc-plc) .

www.dcc.ie (http://www.dcc.ie)

 

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