REG - Diales Group PLC - Share buyback programme

DialesAnnouncement

Tue 13:45

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RNS Number : 2168O  Diales Group PLC  24 June 2025

Diales Group Plc

("Diales" or the "Company" or the "Group")

 

Share buyback programme

 

Further to the extension of the share buyback programme announced on 18 March
2025 (the "Programme") and the appointment of Shore Capital Stockbrokers
Limited ("Shore Capital") as the Company's Broker on 14 April 2025, Diales
Group Plc (AIM: DIAL), the global specialist dispute avoidance and dispute
resolution consultancy, today announces it has entered into irrevocable,
non-discretionary instructions with Shore Capital to complete the balance
remaining under the Programme on the Company's behalf and to make trading
decisions under the Programme independently of the Company.  Any market
purchase of Ordinary Shares pursuant to the Programme will be announced no
later than 7.30am on the business day following the day on which the purchase
occurred.

 

The terms of the Programme shall be the same as announced on 18 March 2025,
replicated below, save for its completion now by Shore Capital.

 

The Company intends to conduct on-market purchases to repurchase up to £0.1
million of the Company's ordinary shares of 0.4 pence each ("Ordinary
Shares"), being the balance of the Programme, pursuant to the authority
obtained at the Company's last annual general meeting (the "Buyback"). The
Company will consider conducting further buybacks following the completion of
the current programme, if deemed appropriate.

 

The Buyback will be funded from the Company's existing surplus cash resources
and all Ordinary Shares purchased will be held in treasury. The Company
intends to operate the Buyback from the date of this announcement until the
earlier of the 2026 Annual General Meeting or the completion of the stated
repurchase amount.

 

The maximum price which may be paid by the Company per Ordinary Share is the
higher of:

 

A.    5 per cent. above the average of the middle market quotations for an
Ordinary Share as derived from the AIM Appendix to The London Stock Exchange
Daily Official List for the five business days immediately preceding the date
on which the Ordinary Share is purchased; and

 

B.    the higher of the price of the last independent trade of an Ordinary
Share and the highest current independent bid for an Ordinary Share on the
trading venue where the purchase is carried out.

 

The Company has determined that it will not rely on the safe harbour
conditions for trading set out in Article 5 of EU Market Abuse Regulation
(2014/596/EU) (which forms part of domestic UK law pursuant to the European
Union (Withdrawal) Act 2018) ("UK MAR") given the limited liquidity in the
Ordinary Shares and limitations that it would impose on the number of Ordinary
Shares that can be purchased and, as such, the Company may purchase on any
trading day materially in excess of 25 per cent. of the average daily volume
in the 20 trading days preceding the date on which the purchase is carried
out.

 

There is no guarantee that the Buyback programme will be implemented in full
or that any purchases will be made.

 

Total voting rights

As at the time of this announcement, the Company's total issued share capital
consists of 53,962,868, of which 1,673,583 Ordinary Shares are held in
treasury, therefore, the total number of Ordinary Shares carrying voting
rights is 52,289,285.

 

The above figure of 52,289,285 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

 

Enquiries:

 

 Diales Group Plc

 Mark Wheeler, Chief Executive Officer         +44 (0)207 377 0005

 Charlotte Parsons, Chief Financial Officer

 Shore Capital (Nominated Adviser and Broker)    +44 (0)207 408 4050

 Mark Percy

 George Payne

 Acuitas Communications                        +44 (0)203 745 0293 / +44 (0)779 976 7676 / 07848 157447

                                               simon.nayyar@acuitascomms.com

 Simon Nayyar                                  jake.davis@acuitascomms.com

 Jake Davis

 

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