REG - Inchcape PLC - New £175m share buyback programme

InchcapeAnnouncement

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RNS Number : 0167V  Inchcape PLC  03 March 2026

Inchcape plc

New £175m share buyback programme

Inchcape plc, the leading global automotive distributor, announces it has
entered into an agreement with UBS AG ("UBS") to undertake a share buyback
programme to purchase up to £175 million of the Company's shares ("Share
Buyback Programme"), which has been announced as part of the Company's FY 2025
financial results, which were published today.

 

The Share Buyback Programme is part of the Group's disciplined capital
allocation approach and is based on Inchcape's strong underlying free cash
flow performance, as well as the Group's strong balance sheet. The buyback
also demonstrates the Board's confidence in the Group's future prospects and
ability to deliver significant future shareholder returns.

 

The maximum number of shares that may be repurchased under the Share Buyback
Programme is up to 39,654,814 shares, being the number of shares the Company
is currently authorised to purchase pursuant to the authority granted by
shareholders at the Company's Annual General Meeting held on 15 May 2025
("AGM"). The Board intends to seek shareholder approval at the Company's 2026
Annual General Meeting to renew the Company's share buyback authorisation for
an additional year.

 

Share purchases will take place in open market transactions and may be made
from time to time depending on market conditions, share price, trading volume
and other factors. The Company has appointed UBS to manage the Share Buyback
Programme, which is a non‐discretionary share buyback programme to
repurchase the Company's shares within certain defined parameters. The Share
Buyback Programme will be conducted independently and at the sole discretion
of UBS within the programme terms.

 

The Share Buyback Programme will run from the date of this announcement until
no later than 5 March 2027. Purchases may continue during any closed period to
which the Company is subject during the above-mentioned period.

 

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

 

The Share Buyback Programme will be effected within the parameters of Article
5(1) of the Market Abuse Regulation (EU) No 596/2014 (which is part
of UK law by virtue of the European Union (Withdrawal) Act 2018 (the "2018
Act")) ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052
(which is part of UK law by virtue of the 2018 Act) as well as the
applicable laws and regulations of the UK Financial Conduct Authority.

 

 

 

 

 

 

 

 

Contacts

 Inchcape plc (investor enquiries):
 Rob Gurner                          +44 (0)7825 189 088     investors@inchcape.com
 Rachel Masser

 DGA Group (media enquiries):
 Emma Walsh                          +44 (0)7510 385 554     inchcape@dgagroup.com
 James Styles

 

About Inchcape

Inchcape is the leading global automotive distributor, with operations across
six continents. Inchcape works with our mobility company partners in smaller,
more complex and harder-to-reach markets, which tend to be higher growth with
low motorisation rates. By combining our in-market expertise with our unique
technology and advanced data analytics, we create innovative customer
experiences that deliver outstanding performance for our partners - building
stronger automotive brands and creating sustainable growth.

Our distribution platform connects the products of mobility company partners
with customers, and our responsibilities span product planning and pricing,
import and logistics, brand and marketing to operating digital sales, managing
physical sales and aftermarket service channels. Our ambition is to deliver
for our partners, our customers and our people - so they can realise their
ambitions in the new world of mobility. The Group is headquartered in London
and employs over 16,000 people globally.

www.inchcape.com (http://www.inchcape.com)

 

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