REG - Grafton Group PLC - Launch of Share Buyback Programme

GraftonAnnouncement

Today 07:10

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RNS Number : 9303X  Grafton Group PLC  04 September 2025

 

Share Buyback Programme

 

Grafton Group plc (the "Group" or the "Company"), the international building
materials distributor and DIY retailer, today announces its intention to
introduce a new share buyback programme.

 

The Company also announces today that it has entered into non-discretionary
arrangements with Goodbody Stockbrokers UC (acting as agent) and Numis
Securities Limited (acting as principal) to conduct a further share buyback
programme and to buy back ordinary shares (the "Shares") for a maximum
aggregate consideration of up to £25 million and to make trading decisions
under the programme independently of the Company in accordance with certain
pre-set parameters (the "Buyback").

 

The Buyback will commence today, 4 September 2025, and end no later than 31
January 2026 subject to market conditions. Under the terms of the Buyback, the
Shares will be repurchased on the London Stock Exchange and cancelled.

 

The purpose of the Programme is to reduce the share capital of the Company in
line with this announcement. It will be conducted within the limits of the
authority granted by shareholders at the Company's AGM held on 8 May 2025 (the
"AGM") to repurchase up to 10 per cent of the Company's ordinary shares in
issue as at the date of the AGM (as reduced by any previous purchases of
Shares pursuant to this authority) such that the maximum number of Shares
which can be repurchased under the Buyback is 18,537,920.

 

The Buyback will also be conducted within the parameters prescribed by the
Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU)
2016/1052 (also as in force in the UK, from time to time, including, where
relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and the
Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as the applicable
laws and regulations of the UK Financial Conduct Authority.

 

The Company will make further announcements in due course following any buy
back of Shares. There is no guarantee that the Buyback will be implemented in
full or that any Shares will be bought back by the Company.

 

For further information please contact:

 

 Investors                                   Media

 Grafton Group plc  +353 1 216 0600          Murray          pwalsh@murraygroup.ie (mailto:pwalsh@murraygroup.ie)

 Eric Born          Chief Executive Officer  Pat Walsh       +353 1 498 0300/+353 87 226 9345
 David Arnold       Chief Financial Officer
                                             Burson          GraftonGroup@buchanancomms.co.uk

                                             Buchanan

                                             Helen Tarbet    +44 (0) 7872 604 453

                                             Simon Compton   +44 (0) 7979 497 324

                                             Toto Berger     +44 (0) 7880 680 403

 

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