REG - Frasers Group PLC - Share Buyback Commencement

FrasersAnnouncement

25/04/2022 07:00

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RNS Number : 1191J  Frasers Group PLC  25 April 2022

Date: 25 April 2022

 

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 before the Company enters its closed period (under art.11 of the
Market Abuse Regulation (EU) No 596/2014 as retained in UK law) with respect
to its financial year ended 24th April 2022. (the "Programme")

 

 

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 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

 Thomas Piper, Company Secretary   T. 0344 245 9200

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

 

 Chris Wootton, Chief Financial Officer  T. 0344 245 9200

                                         E. financial@frasers.group (mailto:financial@frasers.group)

 

 Ronnie Laffar, Head of PR & Communications        T. 07585886189

                                                   E. fgpr@frasers.group (mailto:fgpr@frasers.group)

 

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