REG - Kier Group PLC - Commencement of £25m share buyback programme

KierAnnouncement

Yesterday 07:05

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260303:nRSC0264Va&default-theme=true

RNS Number : 0264V  Kier Group PLC  03 March 2026

3 March 2026

 

Kier Group plc

 

Commencement of £25m share buyback programme

 

Kier Group plc ("Kier", the "Company", or the "Group"), a leading
infrastructure services, construction and property group, today announces
alongside its interim results for the six months ended 31 December 2025 that
it will commence a share buyback programme to purchase ordinary shares of 1
pence each in the capital of the Company ("Ordinary Shares") up to a maximum
consideration of £25 million (the "Buyback Programme").

 

The purpose of the Buyback Programme is to return capital to shareholders. The
Company will hold as treasury shares any Ordinary Shares repurchased in
accordance with the provisions of the Companies Act 2006.

 

The Company has entered into a non-discretionary agreement with Deutsche Bank
AG, London Branch ("Deutsche Numis") to conduct the Buyback Programme on its
behalf and carry out on-market purchases of Ordinary Shares (the "Agreement").
The Buyback Programme will commence today, 3 March 2026, and will end on the
date on which the total purchase price of all Ordinary Shares purchased by
Deutsche Numis pursuant to the Buyback Programme is equal to, or as close as
possible to (but not exceeding), £25 million. Deutsche Numis will make
trading decisions in relation to the Buyback Programme independently of, and
without further instruction from, the Company. Under the Agreement, the
Company has issued an irrevocable non-discretionary instruction to Deutsche
Numis to manage the Buyback Programme in order that purchases of Ordinary
Shares can continue during closed periods, and if and when the Company comes
into possession of inside information. While the Company has launched the
Buyback Programme, there is no certainty on the volume of Ordinary Shares that
may be purchased or any certainty on the pace and quantum of purchases.

 

Any purchases of Ordinary Shares pursuant to the Buyback Programme will be
carried out on the London Stock Exchange and on other trading venues, in
accordance with certain pre-set parameters set out in the Agreement and in
accordance with (and subject to the limits prescribed by) the Company's
general authority to repurchase Ordinary Shares granted by its shareholders at
the annual general meeting held on 13 November 2025 (the "2025 AGM"), Chapter
9 of the Financial Conduct Authority's UK Listing Rules, Article 5(1) of the
Market Abuse Regulation (EU) No 596/2014 (as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended), the
Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
amended), and other applicable laws.

 

The Company will announce all transactions in Ordinary Shares pursuant to the
Buyback Programme by no later than 7.30 a.m. on the 7th business day following
the calendar day on which such transaction occurred.

 

At the time of this announcement, the Company's share capital comprises
452,875,390 Ordinary Shares, of these shares 10,978,468 are held in treasury,
therefore, the total voting rights in the Company is 441,896,922.

 

The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.

 

- ENDS -

 

For further information, please contact:

 

Kier Group plc

Investor Relations +44 (0)7933 388 746

Kier Press Office +44 (0)1767 355 096

FTI Consulting

Richard Mountain, +44 (0)7909 684466

 

 

About Kier Group plc

 

Kier is a leading UK infrastructure services, construction and property group.

 

Our purpose is to sustainably deliver infrastructure which is vital to the UK,
and we are committed to leaving lasting legacies through our work.

 

We provide specialist design and build capabilities and the knowledge, skills
and intellectual capital of our people to ensure we are able to project manage
and integrate all aspects of a project.

 

You can find out more about Kier on our website, or follow us on LinkedIn by
searching for Kier Group.

 

This announcement does not constitute an offer of securities by Kier Group plc
(the "Company"). Nothing in this announcement is intended to be, or intended
to be construed as, a profit forecast or a guide as to the performance,
financial or otherwise, of the Company or any of its subsidiaries (together,
the "Group") whether in the current or any future financial year. This
announcement may include statements that are, or may be deemed to be,
''forward-looking statements''. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future and may be beyond the
Company's or the Group's ability to control or predict. Forward-looking
statements are not guarantees of future performance. You are advised to read
the section headed ''Principal risks and uncertainties'' in the Company's
Annual Report and Accounts for the year ended 30 June 2025 for a further
discussion of the factors that could affect the Company's or the Group's
future performance and the industry in which it operates. Other than in
accordance with its legal or regulatory obligations, the Company does not
accept any obligation to update or revise publicly any forward-looking
statement, whether as a result of new information, future events or otherwise.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUPURCWUPQPPP



            Copyright 2019 Regulatory News Service, all rights reserved