REG - Jet2 PLC - Launch of Share Buyback Programme

Jet2Announcement

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RNS Number : 0633I  Jet2 PLC  19 November 2025

19 November 2025

 

Jet2 plc (the "Company")

 

Launch of Share Buyback Programme

 

Jet2 plc, the Leisure Travel group, announces today that it has instructed
Jefferies International Limited ("Jefferies") on its up to £100 million share
buyback programme in respect of its ordinary shares of 1.25p each ("Ordinary
Shares") (the "Share Buyback Programme"). Trading is expected to commence on 1
December 2025 and is anticipated to end on or before 30 June 2026.

 

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 4 September 2025, shareholders gave the Company authority to
purchase a maximum of 20,796,104 Ordinary Shares, of which 14,529,099 remain
available as at the date of this announcement). The Share Buyback Programme
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.

 

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

 

For further information, please contact:

 

 Jet2 plc

 Steve Heapy, Chief Executive Officer                   Tel: 0113 239 7692

 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

 Headland Consultancy - Financial PR                    Tel: 020 3805 4827

 Ed Young / Will Smith / Jack Gault

 

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 its most recent 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. During the same period over 80% of Group
revenue related to package holidays with the majority of the balance
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, Manchester, Newcastle, London Luton and
London Stansted. A 14(th) UK base at London Gatwick airport will commence
operations on 26 March 2026.

 

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