REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: Share Buyback Programme

Fuller Smith & TurnerAnnouncement

26/09/2022 15:15

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   Fuller, Smith & Turner PLC (FSTA)
   Fuller, Smith & Turner PLC: Share Buyback Programme

   26-Sep-2022 / 15:02 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE
   AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO  PURCHASE
   ANY SECURITIES  IN ANY  JURISDICTION  OR A  SOLICITATION  OF ANY  VOTE  OR
   APPROVAL.

   NOT FOR RELEASE, PUBLICATION OR  DISTRIBUTION (DIRECTLY OR INDIRECTLY)  IN
   WHOLE OR IN PART IN,  INTO OR FROM ANY JURISDICTION  WHERE TO DO SO  WOULD
   CONSTITUTE A  VIOLATION  OF  THE  RELEVANT LAWS  OR  REGULATIONS  OF  THAT
   JURISDICTION.

                 Fuller, Smith & Turner P.L.C. (“the Company”)

                            Share Buyback Programme

   Further to the announcement made on 20 September 2022, the Company today
   announces that it has entered into an arrangement with Numis Securities
   Limited (“Numis”) to repurchase up to 1 million ‘A’ ordinary shares of 40
   pence each in the Company (“Ordinary Shares”) for a maximum price per
   Ordinary Share of 5% over the average middle market price of such Ordinary
   Share based on the London Stock Exchange Daily Official List for the five
   business days immediately preceding the purchase (the “Programme”).

   The purpose of the Programme is to increase the number of shares held in
   treasury for use in meeting future obligations arising from the Company’s
   long-term incentive plan and/or other share-based reward plans in respect
   of employees and/or directors.

   The share purchases will be made on the Company's behalf and in accordance
   with the arrangement and, in the case of any purchases made during closed
   periods and/or at any time when the Company has inside information, shall
   be made independently of and uninfluenced by the Company.

   Any purchase of Ordinary Shares effected pursuant to this Programme will
   be carried out on the London Stock Exchange and executed in accordance
   with, and subject to limits prescribed by, the Listing Rules and in
   accordance with the authorisation granted to the Board by shareholders at
   the Annual General Meeting of the Company held on 21 July 2022.

   Due to the limited liquidity in the issued Ordinary Shares, any buyback of
   Ordinary Shares pursuant to the 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.

   Any market purchase of ‘A’ Ordinary Shares under the Programme will be
   announced no later than 7:30 a.m. on the business day following the day on
   which the purchase occurred. 

   Enquiries:
   Rachel Spencer
   Company Secretary
   020 8996 2073

   26 September 2022

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   ISIN:           GB00B1YPC344
   Category Code:  POS
   TIDM:           FSTA
   LEI Code:       213800C7ACOFMRCQQW76
   OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares
   Sequence No.:   190419
   EQS News ID:    1450241


    
   End of Announcement EQS News Service

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