REG - Kerry Group PLC - Launch of Share Buyback Programme

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RNS Number : 6957N  Kerry Group PLC  20 June 2025

 

 

20 June 2025

LEI: 635400TLVVBNXLFHWC59

 

KERRY GROUP PLC

Kerry Group plc announces €300m share buyback programme.

On 1 May 2025, Kerry Group plc ("Kerry" or the "Company") announced its
intention to launch a new share buyback programme of up to €300 million (the
"Buyback Programme"). The Buyback Programme is underpinned by the Group's
strong balance sheet and cash flow and is aligned to Kerry's Capital
Allocation Framework.

Kerry announces that, pursuant to the Buyback Programme, it has entered into
non-discretionary instructions with J&E Davy ("Davy") to purchase up to
€300 million of Kerry's A Ordinary Shares of €0.125 each (the "Shares") on
its behalf, and to make trading decisions under the Buyback Programme
independently of Kerry in accordance with certain pre-set parameters.

The Buyback Programme will commence on 20 June 2025 and will end no later than
27 February 2026. All Shares will be purchased by Davy on the Company's behalf
(on a riskless principal basis) on Euronext Dublin for subsequent repurchase
by the Company on Euronext Dublin.

The purpose of the Buyback Programme is to reduce the share capital of the
Company and as such, the Company will cancel any Shares repurchased.

The Buyback Programme will be carried out within certain pre-set parameters
and within the limitations of the authority granted at Kerry's Annual General
Meeting on 1 May 2025 and any renewal of that authority. The maximum number of
Shares that may be purchased under the Buyback Programme is 16,489,274 Shares.

The Buyback Programme will be conducted in accordance with the relevant
provisions of the Market Abuse Regulation 596/2014/EU ("MAR" and including MAR
as in force in the UK and as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019) and the Commission Delegated Regulation (EU) 2016/1052
(including as in force in the UK and as amended by the FCA's Technical
Standards (Market Abuse Regulation) (EU Exit) Instrument 2019) as well as the
rules of the Central Bank of Ireland.

Any repurchase of Shares will be announced no later than 7:30 am on the
business day following the calendar day on which the repurchase occurred.

 

   CONTACT INFORMATION

   GROUP SECRETARY
   Ronan Deasy

   +353 66 7182000 | GroupCoSec@kerry.ie

   WEBSITE
   www.kerry.com

 

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