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

Fuller Smith & TurnerAnnouncement

28/08/2025 07:45

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

   28-Aug-2025 / 07:37 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 announcement made today regarding the completion of the
   buyback programme initiated on 14 March 2025, the Company announces that
   it has entered into a further arrangement with Numis Securities
   Limited (“Deutsche Numis”) to repurchase up to 1 million “A” Ordinary
   Shares of 40 pence each in the Company (“ “A” 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 “A” 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 “A” Ordinary Shares, any
   buyback of “A” Ordinary Shares pursuant to the authority on any trading
   day may represent a significant proportion of the daily trading volume in
   the “A” 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

   28 August 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: 2.4. Acquisition or disposal of the issuer's own shares
   Sequence No.:   400086
   EQS News ID:    2189812


    
   End of Announcement EQS News Service

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