REG - Frasers Group PLC - Share buyback programme

FrasersAnnouncement

12/02/2024 07:00

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RNS Number : 7249C  Frasers Group PLC  12 February 2024

Date: 12 February 2024

 

Frasers Group Plc

("Frasers Group" or the "Company")

 

Share Buyback Programme

 

The Company announces that it intends to commence a new share buyback
programme with Deutsche Numis from today's date for the period up to and
including the last trading day prior to the Company's financial year end on
28th April 2024. (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 shares repurchased by the Company will be held in treasury pending
cancellation or re-issue.

 

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 2023 annual general meeting and Chapter 12 of
the Listing Rules. Any buyback pursuant to the general authority on any
trading day may represent a significant proportion of the daily trading volume
in the ordinary shares on the London Stock Exchange and may exceed 25 per
cent. of the average daily trading volume, being the limit laid down in
Article 5(1) of Regulation (EU) No 596/2014 (as incorporated into UK domestic
law by the European Union (Withdrawal) Act 2018) and the Commission Delegated
Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the
European Union (Withdrawal) Act 2018) dealing with buyback programmes and,
accordingly, the Company will not benefit from the exemption contained in that
Article.

 

 

 

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)

 

Andrew Kasoulis, Investor Relations Director
T. 07826 532191

 
 E. investor.relations@frasers.group
(mailto:investor.relations@frasers.group)

 

 

 Deutsche Numis   T. 020 7260 1000

 Luke Bordewich

 Ollie Steele

 

 

 

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