REG - Frasers Group PLC - Share Buyback Programme

FrasersAnnouncement

20/06/2023 07:00

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RNS Number : 2233D  Frasers Group PLC  20 June 2023

Date: 20 June 2023

 

Frasers Group Plc

("Frasers Group" or the "Company")

 

Share Buyback Programme

 

The Company announces that it has instructed Liberum Capital Limited in
relation to a non-discretionary share buyback programme ("Programme") to
purchase the Company's shares with effect from today's date for the period up
to and including the last trading day prior to the publication of the
Company's preliminary results for the financial year ended 30 April 2023. This
replaces the share buyback programme for the period from today up to and
including the last trading day prior to the publication of the Company's
preliminary results for the financial year ended 30 April 2023 announced by
the Company on 30 May 2023.

 

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 2022 Annual General Meeting and Chapter 12 of
the Financial Conduct Authority Listing Rules. A buy-back of ordinary shares
on any trading day shall not 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. company.secretary@frasers.group

 Chris Wootton, Chief Financial Officer           T. 0344 245 9200

                                                  E. financial@frasers.group

 Ronnie Laffar, Head of PR & Communications       T. 07585 886189

                                                  E. fgpr@frasers.group

 Andrew Kasoulis, Head of Investor Relations      T. 0344 245 9200

                                                  E. investor.relations@frasers.group

 Barclays Bank PLC, acting through its Investment Bank

 Nicola Tennent                                   T. 020 7623 2323

 Stuart Muress

 Numis                                            T. 020 7260 1000

 Luke Bordewich

 Stuart Ord

 Ollie Steele

 Liberum                                          T. 020 3100 2000

 John Fishley

 Edward Thomas

 Kane Collings

 Nikhil Varghese

 

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