REG - Frasers Group PLC - Amendment of Share Buyback

FrasersAnnouncement

07/03/2022 18:30

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RNS Number : 9307D  Frasers Group PLC  07 March 2022

Date: 07 March 2022

 

 

FRASERS GROUP PLC ("Frasers Group " or "the Company")

 

SHARE BUYBACK PROGRAMME

 

 

The Company announces that it has instructed Liberum Capital Limited to amend
the terms of its share buyback programme to purchase the Company's shares
during the period which will end on the trading day prior to the Company's
financial year end on 24 April 2022 (the " Programme").

 

As previously announced, the aggregate purchase price of all shares acquired
from 13 December 2021 to the trading day prior to the Company's financial
year end on 24 April 2022 will be no greater than £70,000,000 and the maximum
number of shares that may be purchased will be 10,000,000 ordinary shares.

 

The purpose of the Programme is to reduce the share capital of the Company.

 

The Programme (as amended) will be conducted within certain pre-set
parameters, and in accordance with the general authority to repurchase shares
granted by the Company's shareholders at the 2021 annual general meeting and
Chapter 12 of the Financial Conduct Authority Listing Rules. A buy-back of
ordinary shares on any trading day may exceed the 25% of the average daily
trading volume specified in the provisions of the Market Abuse Regulation
596/2014/EU dealing with buyback programmes. The shares repurchased by the
Company will be held in treasury pending cancellation or re-issue.

 

Ends.

 

 Frasers Group plc

 Tom Piper, Company Secretary   T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34      E. investor.relations@frasers.group

 

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