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

Fuller Smith & TurnerAnnouncement

14/03/2025 07:15

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

   14-March-2025 / 07:00 GMT/BST

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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 business update announcement made on 13 March 2025 and
   following the completion of the buyback programme in January 2025, the
   Company announces that it has entered into an arrangement with Numis
   Securities Limited (“Deutsche Numis”) to repurchase up to 1 million ‘A’
   ordinary shares of 40 pence each in the Company (“Ordinary Shares”) (the
   “Programme”). This is consistent with the Company’s capital allocation
   framework and reflects the Board’s view that the current share price
   continues to represent a significant discount to the Company’s underlying
   net asset value. The Programme aligns with the Company’s strategy of long
   term sustainable growth and delivering value for our shareholders and is
   expected to enhance earnings per share.

   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 by shareholders.

   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

   14 March 2025

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00B1YPC344
   Category Code:  POS
   TIDM:           FSTA
   LEI Code:       213800C7ACOFMRCQQW76
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   379050
   EQS News ID:    2100596


    
   End of Announcement EQS News Service

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