REG - Frasers Group PLC - Share Buyback Programme

FrasersAnnouncement

31/07/2023 07:00

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RNS Number : 6397H  Frasers Group PLC  31 July 2023

Date: 31 July 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 day prior
to the date on which its 2023 annual general meeting is held (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. company.secretary@frasers.group

 Chris Wootton, Chief Financial Officer         T. 0344 245 9200

                                                E. financial@frasers.group

 Ronnie Laffar, Group Head of Communications    T. 07585 886189

                                                E. fgpr@frasers.group

 Andrew Kasoulis, Investor Relations Director   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

 Liberum                                        T. 020 3100 2000

 John Fishley

 Edward Thomas

 Kane Collings

 Nikhil Varghese

 Numis                                          T. 020 7260 1000

 Luke Bordewich

 Stuart Ord

 Ollie Steele

 

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