REG - Jet2 PLC - Launch of Second Tranche of Buyback Programme

Jet2Announcement

Mon 07:05

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RNS Number : 6938S  Jet2 PLC  28 July 2025

28 July 2025

 

Jet2 plc (the "Company")

 

Launch of Second Tranche of Share Buyback Programme

 

Jet2 plc, the Leisure Travel group, announces that it has instructed Jefferies
International Limited ("Jefferies") on the second tranche (the "Second
Tranche") of its up to £250 million share buyback programme in respect of its
ordinary shares of 1.25p each ("Ordinary Shares") announced on 29 April 2025
(the "Share Buyback Programme"). The Second Tranche will be up to a maximum
aggregate consideration of approximately £125 million and will commence
today. It is anticipated that the Second Tranche will run for a period of up
to six months.

 

Under this instruction, Jefferies will act as "riskless" principal and will
make its trading decisions in relation to the Ordinary Shares independently
of, and uninfluenced by, the Company in accordance with certain pre-set
parameters, including those prescribed by the Market Abuse Regulation (EU) No
596/2014 (as it forms part of UK law by virtue of the European Union
(Withdrawal) Act 2018 (as amended)). Any purchases of Ordinary Shares by the
Company will be effected in accordance with (and subject to the limits
prescribed by) the Company's general authority to repurchase Ordinary Shares
granted by its shareholders from time to time (at the Company's Annual General
Meeting on 5 September 2024, shareholders gave the Company authority to
purchase a maximum of 21,468,385 Ordinary Shares, of which 14,375,580 remain
available as at the date of this announcement). The Second Tranche will be
discontinued if the Company ceases to have the necessary general authority to
purchase Ordinary Shares.

 

All Ordinary Shares purchased will be cancelled.

 

The Company intends to announce any purchase of Ordinary Shares under the
Share Buyback Programme on the business day following the calendar day on
which the purchase occurred.

 

To date, the Company has purchased 7,092,805 Ordinary Shares under the Share
Buyback Programme for a total consideration of approximately £125.007
million.

 

The person responsible for making this announcement on behalf of the Company
is Gary Brown.

 

For further information, please contact:

 

 Jet2 plc                                               Tel:             0113 239 7692

 Steve Heapy, Chief Executive Officer
 Gary Brown, Group Chief Financial Officer
 Institutional investors and analysts:                  Tel:            0113 848 0242

 Mark Buxton, Finance and Investor Relations Director
 Cavendish Capital Markets Limited - Nominated Adviser  Tel:             020 7220 0500

 Katy Birkin / George Lawson
 Jefferies International Limited - Joint Broker         Tel:             020 7029 8000

 Ed Matthews / Jee Lee
 Canaccord Genuity Limited - Joint Broker               Tel:             020 7523 8000

 Adam James / Harry Rees
 Burson Buchanan - Financial PR                         Tel:             020 7466 5000

 Richard Oldworth / Toto Berger

 

Notes to Editors

Jet2 plc is a Leisure Travel group, comprising Jet2holidays, the UK's
leading provider of ATOL protected package holidays to leisure destinations
across the Mediterranean, Canary Islands and European Leisure Cities,
and Jet2.com, the UK's third largest airline by number of passengers flown,
which specialises in scheduled holiday flights. In the financial year ended 31
March 2025, over 66% of flown passengers took an end-to-end package holiday
with the remainder taking a flight-only.

Jet2 currently operates from 13 UK airport bases at Belfast International,
Birmingham, Bournemouth, Bristol, East Midlands, Edinburgh, Glasgow, Leeds
Bradford, Liverpool John Lennon, London Luton, London Stansted, Manchester and
Newcastle.

 

 

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