REG - Frasers Group PLC - Share Buyback Programme

FrasersAnnouncement

07/11/2022 07:00

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RNS Number : 4506F  Frasers Group PLC  07 November 2022

Date: 7 November 2022

 

Frasers Group Plc

("Frasers Group" or the "Company")

 

Share Buyback Programme

 

The Company announces that it has instructed Liberum Capital Limited in
relation to an irrevocable, non-discretionary share buyback programme to
purchase the Company's shares during the forthcoming closed period, which
commences today, 7 November 2022, and will end on the day the Company reports
its half year results (expected to be 8 December 2022) (the "Closed Period
Programme").

 

Liberum Capital Limited will conduct the Closed Period Programme on the
Company's behalf and make trading decisions under the Closed Period Programme
independently of the Company.  The maximum number of shares that may be
purchased under the Closed Period Programme will be 10,000,000 ordinary shares
and the aggregate purchase price of all shares acquired under the Closed
Period Programme will be no greater than £70,000,000.

 

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

 

The Closed Period 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 2022 annual general meeting and
Chapter 12 of the Listing Rules. A buyback 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

Robert Palmer, Company
Secretary                                 T.
0344 245 9200

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

 

Chris Wootton, Chief Financial
 
T. 0344 245 9200

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

 

Ronnie Laffar, Head of PR &
 
T. 07585 886189

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

 

Rosie Oddy, Brunswick
Group,
T. 07734 861279

PR
Advisors
E. frasersgroup@brunswick.com (mailto:frasersgroup@brunswick.com)

 

Numis

 

Luke
Bordewich
T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

 

John
Fishley
T. 020 3100 2000

Edward Thomas

Kane Collings

Nikhil Varghese

 

 

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