REG-FirstGroup Plc: 2023 AGM Statement

FirstgroupAnnouncement

21/07/2023 07:15

FIRSTGROUP PLC

2023 AGM STATEMENT

 

FirstGroup plc (`FirstGroup' or `the Group') will be holding its Annual
General Meeting (`AGM') at 14:30 today.

 

Ahead of the AGM, the Group notes that its overall trading performance for the
financial year-to-date has been in line with the expectations we outlined at
our full year results on 8 June 2023.

 

As at 20 July 2023, £70.9m of the £75m on-market share buyback programme
launched in December 2022 has been completed. As previously announced, upon
completion of the £75m buyback programme, the Group will launch an additional
on-market share buyback programme to purchase up to £115m of ordinary shares
of 5p, subject to approval of the normal buyback authority at today's AGM.

 

The Group is scheduled to announce its interim results for the six months to
the end of September 2023 on Thursday 23 November 2023.

 

 

 

 Contacts at FirstGroup: Marianna Bowes, Head of Investor Relations Stuart Butchers, Head of Corporate Communications corporate.comms@firstgroup.co.uk Tel: +44 (0) 20 7725 3354  Contacts at Brunswick PR: Andrew Porter / Simone Selzer Tel: +44 (0) 20 7404 5959  

 

 

 Contacts at Liberum Capital Limited: Nicholas How / John Fishley / William Hall Tel: +44 (0) 20 3100 2000  Contacts at RBC Europe Limited: James Agnew / Jack Wood Tel: +44 (0) 20 7653 4000  

 

 

Forward-looking statements

Certain statements included or incorporated by reference within this document
may constitute `forward-looking statements' with respect to the business,
strategy and plans of the Group and our current goals, assumptions and
expectations relating to our future financial condition, performance and
results. By their nature, forward-looking statements involve known and unknown
risks, assumptions, uncertainties and other factors that cause actual results,
performance or achievements of the Group to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. No statement in this document should be construed
as a profit forecast for any period. Shareholders are cautioned not to place
undue reliance on the forward-looking statements. Except as required by the UK
Listing Rules and applicable law, the Group does not undertake any obligation
to update or change any forward-looking statements to reflect events occurring
after the date of this document.

 

Notes

Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93. Classification as per DTR
6 Annex 1R: 3.1.

 

 

FirstGroup plc (LSE: FGP.L) is a leading private sector provider of public
transport services. With £4.8 billion in revenue and around 30,000 employees,
we transported more than 1.8m passengers a day in 2022/23. We create solutions
that reduce complexity, making travel smoother and life easier. Our businesses
are at the heart of our communities and the essential services we provide are
critical to delivering wider economic, social and environmental goals. Each of
our divisions is a leader in its field: First Bus is the second largest
regional bus operator in the UK, serving two-thirds of the country's 15
largest conurbations with a fleet of more than 4,500 buses, and carrying more
than a million passengers a day. First Rail is the UK's largest rail operator,
with many years of experience running long-distance, commuter, regional and
sleeper rail services. We operate a fleet of more than 3,500 locomotives and
rail carriages through three management fee-based train operating companies
(Avanti West Coast, GWR, SWR) and two open access routes (Hull Trains and
Lumo). We are formally committed to operating a zero-emission First Bus fleet
by 2035, and First Rail will help support the UK Government's goal to remove
all diesel-only trains from service by 2040. In February 2023 FirstGroup was
named as one of the world's cleanest 200 public companies for the fourth
consecutive year by sustainable business media group Corporate Knights in
partnership with US not-for-profit organisation, As You Sow. We provide easy
and convenient mobility, improving quality of life by connecting people and
communities. Visit our website at www.firstgroupplc.com and follow us
@firstgroupplc on Twitter.

 

 



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