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RNS Number : 4738L  Future PLC  15 December 2025

15 December 2025

Future plc

 Share repurchase programme

Future plc (the Company) (LSE: FUTR), the global platform for specialist
media, announces the commencement of a share repurchase programme (the
Programme), to purchase shares with a value of up to £30 million.

The Company's intention to execute this fifth Programme, which will start
today, was first announced with its FY 2025 results, on 4 December 2025.  The
Company's fourth share repurchase programme, under which 8,203,959 Shares were
purchased, began on 1 August 2025 and completed on 11 December 2025.

At the Company's Annual General Meeting held on 5 February 2025, shareholders
authorised the repurchase of a maximum of 11,080,529 ordinary shares (Shares)
in the Company (the 2025 Authority). The Company will seek a new shareholder
approval for the repurchase of Shares, with effect from its 2026 Annual
General Meeting, to be held on 5 February 2026 (the 2026 Authority).  The
Programme will apply to the balance of 2,876,570 Shares authorised to be
repurchased under the 2025 Authority and, if necessary, will continue under
the 2026 Authority (if approved), or will end earlier if the £30 million cap
is reached (the Engagement Period), in order to reduce the Company's
capital.

In order to implement the Programme, the Company has entered into an agreement
(the Engagement Agreement) with ABN AMRO Bank N.V. ("ABN AMRO") to conduct the
Programme on its behalf and carry out on-market purchases of Shares, acting as
riskless principal, and to on-sell such Shares to the Company. ABN AMRO will
make trading decisions in relation to the Programme independently of the
Company.  Any purchases of Shares under the Programme will be carried out on
the London Stock Exchange and/or other recognised investment exchanges in
accordance with certain pre-set parameters set out in the Engagement Agreement
and in accordance with (and subject to the limits prescribed by) the
Authority, Chapter 9 of the UK Listing Rules, assimilated  Market Abuse
Regulation (EU) No 596/2014 and assimilated Commission Delegated Regulation
(EU) No 2016/1052 (in each case as they form part of the law of the United
Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended) and
other applicable laws.  No repurchases of Shares under the Programme will be
made in or into the United States.

Having entered into the Engagement Agreement, the Authority permits the
Company to execute the Programme wholly or partly after the expiry of the
Authority and to make purchases of Shares pursuant to the Engagement Agreement
as if the Authority had not expired.

The Company will announce any market repurchase of Shares no later than 7.30
a.m. on the business day following the calendar day on which the purchase
occurred.  The Company intends to cancel the Shares it purchases through the
Programme.

The Board will keep the Programme under review and continue to assess it
against its capital allocation priorities.

Enquiries:

David Bateson

General Counsel and Company Secretary

Future plc

Tel: 01225 442244

 

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

 

About Future

We are the platform for creating and distributing trusted, specialist content,
to build engaged and valuable global communities. We operate ~175 brands in
diversified content verticals, with multiple market leading positions and
three core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine sale). Our
content is published and distributed through a range of formats including
websites, email newsletters, videos, magazines and live events. The successful
execution of our strategy is focused on three pillars: grow engaged audience,
diversify and grow revenue per user and optimise the portfolio.

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