REG - Headlam Group PLC - Completion of £15 million Share Buyback Programme

HeadlamAnnouncement

03/03/2023 07:16

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RNS Number : 7471R  Headlam Group PLC  03 March 2023

3 March 2023

 

Headlam Group plc

('Headlam' or the 'Company')

 

Completion of £15 million Share Buyback Programme

Headlam (LSE: HEAD), the UK's leading floorcoverings distributor, is pleased
to announce that it has now completed its Share Buyback Programme ('SBB') to
repurchase ordinary shares of 5 pence each in the Company ('Ordinary Shares')
to an aggregate total consideration of £15 million.

The SBB was enacted as a mechanism to return surplus capital to shareholders,
with the Board believing that repurchasing the Company's Ordinary Shares at
the current levels was one of the best uses of the Company's surplus capital.

Under the SBB, the Company has repurchased a total of 4,689,343 Ordinary
Shares (all held in treasury), representing 5.48% of the Company's total
issued share capital as at the date of this announcement.

As at the date of this announcement, the Company's total issued share capital
consists of 85,639,209 Ordinary Shares, with one voting right per share. The
Company holds 4,997,715 Ordinary Shares in treasury.

 

Therefore, the total number of voting rights in the Company
is 80,641,494. This figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

 Headlam Group plc                                Tel: 01675 433 000
 Chris Payne, Chief Executive                     Email: headlamgroup@headlam.com (mailto:headlamgroup@headlam.com)
 Catherine Miles, Director of IR and ESG
 Panmure Gordon (UK) Limited (Corporate Broker)   Tel: 020 7886 2500
 Tom Scrivens / Atholl Tweedie                    Tel: 020 7418 8900

 Peel Hunt LLP (Corporate Broker)
 George Sellar / John Welch
 Alma PR (Financial PR)                           Tel: 020 3405 0205
 David Ison / Matthew Young                       Email: headlam@almapr.co.uk

 

 

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