REG - Frasers Group PLC - Share buyback Programme

FrasersAnnouncement

20/02/2023 07:00

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RNS Number : 3628Q  Frasers Group PLC  20 February 2023

Date: 20 February 2023

 

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 30th April 2023. (the
"Programme")

 

 

The aggregate purchase price of all shares acquired under the Programme will
be no greater than £80,000,000. 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 2022 annual general meeting and Chapter 12 of
the 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

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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