REG - Jupiter Fund Mgmt - Share Buyback Programme

Jupiter Fund ManagementAnnouncement

27/02/2025 07:00

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RNS Number : 6094Y  Jupiter Fund Management PLC  27 February 2025

27 February 2025

 

Jupiter Fund Management plc (the "Company" or "Jupiter")

 

Share Buyback Programme

 

As announced today as part of the Company's full year results, Jupiter is
commencing a share buyback programme (the "Programme") to purchase a maximum
aggregate amount of £13.9 million ordinary shares of 2 pence each in the
capital of the Company ("Ordinary Shares").

 

The Programme will commence on 3 March 2025 and is expected to be completed by
no later than 31 July 2025.

 

The Company has entered into a non-discretionary agreement with Numis
Securities Limited ("Deutsche Numis") to conduct the Programme on its behalf
and carry out on-market purchases of Ordinary Shares, acting as riskless
principal. The repurchased shares will be held in treasury for the purposes of
meeting obligations arising from the employee share awards. This capital
therefore remains available in the short-term, but otherwise it is probable
that these shares will be cancelled over time.

 

Deutsche Numis will make trading decisions in relation to the Programme
independently of the Company. During any closed periods, the Company and its
Directors will have no power to invoke any changes to the Programme, and it
will be executed at the sole discretion of Deutsche Numis.

 

Any purchases of Ordinary Shares under the Programme will be carried out on
the London Stock Exchange in accordance with (and subject to the limits
prescribed by) the Company's general authority to repurchase shares granted by
its shareholders at the annual general meeting on 9 May 2024 ("2024
Authority"). The maximum number of Ordinary Shares which may be repurchased
under the 2024 Authority is 16,349,385.

 

The Programme will also be effected within the parameters of the Market Abuse
Regulation 596/2014/EU, as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019 ("UK MAR") and the Commission Delegated Regulation
2016/1052/EU, as amended by Technical Standards (Market Abuse Regulation) (EU
Exit) Instrument 2019, which both form part of the law of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018, and in accordance with
the FCA Listing Rules.

________________________________________________

LEI: 5493003DJ1G01IMQ7S28

 

For further information, please contact:

 

 Jupiter              Helen Archbold        Alex James

                      Company Secretary     Head of Investor Relations

                      +44 (0)20 3817 1609   +44 (0)20 3817 1636

 Edelman Smithfield   Andrew Wilde

                      +44 (0)7786 022 022

 

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