REG - Grafton Group PLC - Share Buyback Programme

GraftonAnnouncement

06/03/2025 07:15

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RNS Number : 6188Z  Grafton Group PLC  06 March 2025

 

 

Grafton Group plc

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 £30 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, 6 March 2025, and end no later than 31 August
2025 subject to market conditions. Under the terms of the Buyback, the Shares
will be repurchased on the London Stock Exchange and cancelled.

 

The maximum number of shares which can be repurchased under the Programme is
17,030,094 Shares, subject at all times to the applicable authority granted by
shareholders at the Company's AGM held on 2 May 2024 and including, for the
avoidance of doubt, pursuant to any renewed authority granted by shareholders
at the 2025 AGM of the Company. The purpose of the Programme is to reduce the
share capital of the Company in line with this announcement.

 

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           Murrays        +353 1 498 0300
                                              Pat Walsh      +353 (0) 87 226 9345

 Eric Born          Chief Executive Officer
 David Arnold       Chief Financial Officer
                                              Buchanan       GraftonGroup@buchanancomms.co.uk

                                              Helen Tarbet   +44 (0) 7872 604 453

                                              Toto Berger    +44 (0) 7880 680 403

 

 

 

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