REG - Frasers Group PLC - Share Buyback Commencement

FrasersAnnouncement

13/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211213:nRSM3267Va&default-theme=true

RNS Number : 3267V  Frasers Group PLC  13 December 2021

Date: 13 December 2021

 

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

 

SHARE BUYBACK PROGRAMME

 

The Company announces that it intends to commence a new share buyback
programme from today's date for the period up to and including the last
trading day prior to the Company's financial year end on 24 April 2022.

 

 

The aggregate purchase price of all shares acquired under the Programme will
be no greater than £70,000,000. The maximum number of shares that may be
purchased under the Programme will be 10,000,000 ordinary shares.

 

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

 

The Programme 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, Chapter 12 of the
UK Listing Authority Listing Rules and 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

 Thomas Piper, Company Secretary   T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34         E. investor.relations@frasers.group
                                   (mailto:investor.relations@sportsdirect.com)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFFIFLSEFSEEE