REG - Gym Group PLC (The) - Launch of Share Buyback Programme

GYMAnnouncement

15/01/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260115:nRSO9342Oa&default-theme=true

RNS Number : 9342O  Gym Group PLC (The)  15 January 2026

LEI: 213800VCU9TBANZIN455

 

 

15 January 2026

The Gym Group plc

LAUNCH OF SHARE BUYBACK PROGRAMME

 

The Gym Group plc (the "Company"), leading low cost gym operator, is pleased
to announce that it will commence a share buyback programme to purchase
ordinary shares of £0.0001 each in the Company (the "Ordinary Shares") with
an aggregate value of up to £10 million (the "Programme"). The Programme will
therefore return up to £10 million to shareholders. The Programme will
commence immediately today and shall continue until 31 December 2026, unless
terminated or completed earlier.

 

The Company has entered into an irrevocable agreement (the "Agreement") with
Peel Hunt LLP ("Peel Hunt") to undertake the Programme on the Company's
behalf, with Peel Hunt making market purchases, as riskless principal, of the
Ordinary Shares on the London Stock Exchange. Peel Hunt will make trading
decisions under the Programme independently of the Company, subject to: (i)
certain parameters agreed between Peel Hunt and the Company prior to the
commencement of the Programme pursuant to the Agreement; and (ii) the
Company's right to terminate the Agreement in certain customary circumstances.
Any purchases of Ordinary Shares contemplated by this announcement will be
subject to the terms of the Agreement.

 

Ordinary Shares acquired by Peel Hunt under the Agreement will be sold on to
the Company and will be cancelled. The purpose of the Programme is to reduce
the share capital of the Company and return capital to shareholders. The
maximum number of Ordinary Shares that may be acquired under the Programme
prior to the 2026 Annual General Meeting (the "2026 AGM"), as authorised by
shareholders at the Company's 2025 AGM on 8 May 2025 (the "2025 Shareholder
Authority"), is 17,930,710 Ordinary Shares. The 2025 Shareholder Authority
will expire at the earlier of 30 June 2026 and the conclusion of the Company's
2026 AGM.  Following the expiry of the 2025 Shareholder Authority, the
continuation of the Programme will be conditional on the approval by
shareholders of a resolution re-granting the directors' authority to purchase
Ordinary Shares at the 2026 AGM (the "2026 Shareholder Authority") and any
further purchases will be in accordance with the terms of such approval.

 

Any purchase of Ordinary Shares under the Programme will be executed in
accordance with the Company's general authority to purchase Ordinary Shares
pursuant to the 2025 Shareholder Authority and the 2026 Shareholder Authority,
the assimilated UK Market Abuse Regulation 596/2014 and the assimilated
Commission Delegated Regulation (EU) 2016/1052 (in each case as incorporated
into the law of the United Kingdom by the European Union (Withdrawal) Act 2018
(as amended)), and Chapter 9 of the UK Financial Conduct Authority's UK
Listing Rules (the "UK Listing Rules").

 

Any purchase of Ordinary Shares under the Programme will be announced by no
later than 7.30 a.m. on the business day following the calendar day on which
the relevant purchase occurred, or such other time as is then permitted under
the UK Listing Rules.

 

Enquiries:

 

 The Gym Group plc                                                  via Team Lewis

 Will Orr, CEO

 Luke Tait, CFO

 Katharine Wynne, IR

 Team Lewis (Financial PR)                                          Tel: +44 20 7802 2617/2657

 Justine Warren

 Tim Pearson

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAKQBDABKDBDD



            Copyright 2019 Regulatory News Service, all rights reserved