REG - GB Group PLC - Commencement of Share Repurchase Programme

GBAnnouncement

25/04/2025 07:00

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RNS Number : 1374G  GB Group PLC  25 April 2025

 Embargoed until 7.00 a.m.  Friday, 25 April 2025

GB GROUP PLC

("GBG", "Group" or the "Company")

Commencement of Share Repurchase Programme

GBG, the leading expert in global identity and location software, announces
that it has appointed Numis Securities Limited (trading as Deutsche Numis) to
manage a non-discretionary share buyback programme to purchase ordinary shares
of 2.5 pence each in the capital of the Company ("Ordinary Shares") within
certain pre-set parameters, for up to a maximum amount of £10 million (the
"Share Buyback").

The Board believes a share buyback to be an attractive use of surplus capital
at this time and is reflective of the Board's confidence in the long-term
outlook for the Group.

About the Share Buyback

The Share Buyback will commence on the date of this announcement and is
expected to continue until the maximum pecuniary amount has been purchased
under the programme.

Purchases may continue during any closed period to which the Company is
subject and will be made from time to time depending on market conditions,
share price and trading volume.

The Share Buyback will operate in accordance with and under the terms of the
general authority received at the Company's 2024 AGM. The purchased Ordinary
Shares will be cancelled and the purpose of the Share Buyback is to reduce the
Company's share capital.

The Share Buyback will be conducted within the parameters of the Market Abuse
Regulation 596/2014/EU (as it forms part of UK law pursuant to the European
Union (Withdrawal) Act 2018, as amended)  and the delegated regulations made
pursuant to it, save that there may be circumstances where the Company
conducts share repurchases such that they exceed 25 per cent of the average
daily volume in Ordinary Shares for the 20 trading days prior to the share
repurchase.

The Company will make further announcements in due course following the
completion of any repurchases as required by UK MAR.

The Company is satisfied that it is not currently in a closed period, nor is
it party to any inside information which has not previously been disclosed via
Regulatory Information Service.

As at 24 April 2025, the Company's total issued share capital consisted of
252,635,775 Ordinary Shares, with one voting right per share.

 

For further information, please contact:

 GBG

 Dev Dhiman, CEO & David Ward, CFO                        +44 (0) 124 465 7333

 Richard Foster, Investor Relations                       +44 (0) 781 612 4164

 Deutsche Numis (Nominated Adviser and Corporate Broker)  +44 (0) 0207 260 1000

 Simon Willis & Joshua Hughes

 Barclays (Corporate Broker)                              +44 (0) 207 623 2323

 Robert Mayhew & Nicola Tennent
 FTI Consulting (Financial PR)                            +44 (0) 203 727 1779

 Ed Bridges, Dwight Burden & Emma Hall                    GBG@fticonsulting.com (mailto:GBG@fticonsulting.com)

 Corporate website                                        www.gbgplc.com/investors

About GB Group plc ("GBG")

GBG is the leading expert in global identity and location tech, enabling safe
and rewarding digital lives for genuine people, everywhere.

For over 30 years, we have combined global data with our innovative technology
to make sure that genuine people everywhere can digitally prove who they are
and where they live.

We are an essential ingredient that protects against digital crime,
strengthens business resilience and drives responsible growth, at scale,
across a diverse range of sectors. Today, our team of over 1,100 people serve
more than 20,000 customers globally.

GBG is a publicly traded company (LSE: GBG). Further information on our
business can be found on our corporate website: www.gbgplc.com
(http://www.gbgplc.com/)

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