REG - Howden Joinery Grp - Share Buyback Programme

Howden JoineryAnnouncement

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RNS Number : 7321G  Howden Joinery Group PLC  03 June 2026

3 June 2026

 

HOWDEN JOINERY GROUP PLC

("Howdens" or the "Company")

 

£100 million share buy-back programme

 

Further to the announcement of Howdens' intention to repurchase up to £100
million of its shares during 2026 (the "Programme") in its  2025 Full Year
Results, the Company announces that it has instructed its joint-broker,
Deutsche Bank AG, acting through its London branch ("Deutsche Bank"), to
execute the first part of the Programme to repurchase up to £50 million of
its shares commencing on or after 3 June 2026 and ending no later than 31
December 2026. Under this arrangement, Deutsche Bank, an independent third
party, will act as principal and will make decisions under the Programme
independently from the Company during any closed periods.

 

The Company's shareholders authorised the Company to repurchase up to a
maximum of 53,903,751 of its ordinary shares at the Annual General Meeting
held on 7 May 2026. The aggregate number of shares acquired by the Company
pursuant to the Programme shall not exceed the maximum number of shares which
the Company is authorised to purchase pursuant to such general authorities as
at the time of purchase. The sole purpose of the Programme is to reduce the
Company's share capital. Shares repurchased under the Programme will be
cancelled or transferred into treasury. Any shares held in treasury have no
voting or dividend rights and are used to meet future obligations arising from
Company employee share option programmes.

 

The Programme is in line with the Company's stated capital allocation policy,
which prioritises our strategy of continuing to invest in depots,
manufacturing and logistics capabilities and related strategic investments,
while delivering a progressive dividend. Any repurchases of shares under the
Programme will be carried out on the London Stock Exchange and in accordance
with (and subject to the limits prescribed by) the Company's general authority
to repurchase shares granted by its shareholders (at the applicable time), the
Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the
European Union (Withdrawal) Act 2018) and Chapter 9 of the Financial Conduct
Authority's UK Listing Rules.

 

 

Enquiries

 

 Howdens:

 Mark Fearon, Director of IR and Communications:            +44(0)771 187 5070
 Forbes McNaughton, Company Secretary:                      +44(0)207 535 1162

 

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