REG-FirstGroup Plc: Completion of Buyback Programme

FirstgroupAnnouncement

21/03/2025 09:45

21 March 2025

 

FirstGroup plc

 

Completion of Buyback Programme

On 14 November 2024 FirstGroup plc (the ‘Group’) announced an on-market
share buyback programme to purchase up to £50m of ordinary shares (the
“Programme”), which commenced on 15 November 2024.

The Group confirms that, having repurchased 30,498,221 shares for a total
consideration of £49,999,991 the Programme is now complete.  The average
price of shares bought back under the Programme was 163.94 pence per share.

Looking ahead, the Group’s strong balance sheet position and cash generative
businesses allow us to continue to invest in decarbonisation, grow and
diversify our portfolio, maintain our progressive dividend policy and for
potential further capital returns to shareholders, which the Board keeps under
review.

 

 Contacts at FirstGroup:                                                          Contacts at Brunswick Group: Andrew Porter / Simone Selzer Tel: +44 (0) 20 7404 5959  
  David Blizzard, Company Secretary Marianna Bowes, Head of Investor Relations                                                                                          
  Tel: +44 (0) 20 7725 3354                                                                                                                                             
 Contacts at Panmure Liberum:                                                     Contacts at RBC Europe Limited:                                                       
  Nicholas How / John More                                                         James Agnew / Jack Wood                                                              
  Tel: +44 (0) 20 3100 2000                                                        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.

 

About FirstGroup

FirstGroup plc (LSE: FGP.L) is a leading private sector provider of public
transport services.  With £4.7 billion in revenue and around 30,000
employees, we transported almost 2m passengers a day in FY 2024.  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 one of
the largest bus operators in the UK, serving more than 25% of the population
in the UK with a fleet of over 5,750 buses, and carrying more than a million
passengers a day.  First Rail is one of the UK’s largest rail operators,
with many years of experience running long-distance, commuter, regional and
sleeper rail services.  We operate a fleet of c.3,700 locomotives and rail
carriages through three DfT contracted train operating companies: WCP
(incorporating Avanti West Coast and West Coast Partnership Development), GWR
and 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. During FY 2024 FirstGroup was named as one of the
world’s cleanest 200 public companies for the fifth consecutive year and
achieved Industry Top-Rated status for the first time with Sustainalytics.
 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 X.

 



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