REG - Frasers Group PLC - Transaction in Own Shares

FrasersAnnouncement

30/05/2023 07:15

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RNS Number : 8841A  Frasers Group PLC  30 May 2023

Date: 30 May 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.

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 prior to the Company entering the closed period on 21 June
2023 may exceed 25% of the average trading volume specified in the provisions
of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes.
Once the Company enters the closed period on 21 June 2023 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. c (mailto:Company.Secretary@frasers.group) ompany.secretary@frasers.group

                                                            (mailto:Company.Secretary@frasers.group)

 Chris Wootton, Chief Financial Officer                       T. 0344 245 9200

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

 Ronnie Laffar, Head of PR & Communications                   T. 07585886189

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

 Andrew Kasoulis                                              T. 07585886189

 Investor Relations Director                                  E. investor.relations@frasers.group

                                                            (mailto:investor.relations@sportsdirect.com)

 Liberum

 John Fishley                                                 T. 020 3100 2000

 Kane Collings

 Nikhil Varghese

 Barclays Bank PLC
 Nicola Tennent                                               T. 020 7623 2323

 Stuart Muress

 

 Numis

 Luke Bordewich   T. 020 7260 1000

 Ollie Steele

 Stuart Ord

 

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