REG - Hollywood Bowl Group - Share Buyback Programme

Hollywood BowlAnnouncement

05/02/2024 07:00

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RNS Number : 9028B  Hollywood Bowl Group plc  05 February 2024

5 February 2024

Hollywood Bowl Group plc

 

("Hollywood Bowl" or the "Group")

 

Share Buyback Programme

 

On 18 December 2023, in its Final Results for the 12 months ended 30 September
2023, Hollywood Bowl announced its intention to launch a share buyback
programme of up to £10 million (the "Share Buyback Programme").

Hollywood Bowl announces that, pursuant to the Share Buyback Programme, it has
entered into a non-discretionary agreement with Investec to purchase up to an
initial £5 million (excluding any associated costs and stamp duty) of the
Company's Ordinary Shares of 1 pence each (the "Shares") and to make trading
decisions under the Share Buyback Programme independently of the Company in
accordance with certain pre-set parameters. The Share Buyback Programme will
commence today and end no later than 29 January 2025.

The purpose of the Share Buyback Programme is to reduce the share capital of
the Company. As such, the Company will cancel any Shares purchased.

Any purchases of Shares will be carried out within certain pre-set parameters
and in accordance with the Company's existing general authority to repurchase
Shares and with the EU Market Abuse Regulation (Regulation (EU) No 596/2014)
and Commission Delegated Regulation (EU) 2016/1052 (in each case as such
legislation forms part of Retained EU Law (as defined in the European Union
(Withdrawal) Act 2018)) and Chapter 12 of the Financial Conduct Authority's
Listing Rules. During any closed periods the Company and its directors have
no power to invoke any changes to the programme and it will be executed at the
sole discretion of Investec.

 

 Enquiries:

 Hollywood Bowl Group PLC                           Via Teneo

 Stephen Burns, Chief Executive Officer

 Laurence Keen, Chief Financial Officer

 Mat Hart, Chief Marketing and Technology Officer

 Elizabeth Snow                                     Hollywoodbowl@teneo.com

 Laura Marshall                                     +44 20 7260 2700

 Ayo Sangobowale

 

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