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

Fuller Smith & TurnerAnnouncement

21/01/2026 07:00

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

   21-Jan-2026 / 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 Trading Update announcement made on 15 January 2026, and
   the announcement made yesterday regarding the completion of the buyback
   programme initiated on 28 August 2025, the Company announces that it has
   entered into a further arrangement with Deutsche Bank AG, London Branch
   (trading for these purposes as 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

   21 January 2026

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   Dissemination of a Regulatory Announcement, transmitted by  1 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  2 EQS News

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   ISIN:          GB00B1YPC344
   Category Code: POS
   TIDM:          FSTA
   LEI Code:      213800C7ACOFMRCQQW76
   Sequence No.:  415528
   EQS News ID:   2263256


    
   End of Announcement EQS News Service

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References

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