REG - Kingspan Group PLC Kingspan Group - KGP - Commencement of Share Buyback Programme

KingspanAnnouncement

26/04/2024 10:15

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RNS Number : 2229M  Kingspan Group PLC  26 April 2024

KINGSPAN GROUP PLC

 

Inside Information

Commencement of Share Buyback Programme

 

 

26 April 2024

 

Kingspan, the global leader in high performance insulation and building
envelopes, announces that it intends to commence a limited Share Buyback
Programme (the "Buyback") to repurchase up to 1,500,000 Ordinary Shares of
€0.13 each (the "Shares") in the capital of the Company in order to offset
dilution from share issuances.

 

Kingspan has entered into non-discretionary arrangements with Goodbody
Stockbrokers UC ("Goodbody") to repurchase the Shares on its behalf, on a
riskless principal basis, and to make trading decisions under the Buyback
independently of Kingspan in accordance with certain pre-set parameters.

The Buyback will commence today, 26 April 2024 and will end no later than 31
December 2024 subject to market conditions. Under the terms of the Buyback,
all Shares will be purchased by Goodbody on the Company's behalf for
subsequent repurchase by the Company in each case on Euronext Dublin.

The Buyback is within the limits of the applicable authority granted by
shareholders at today's Annual General Meeting.

 

The Buyback will also be conducted within the parameters prescribed by the
Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU)
2016/1052 ("MAR") as well as the listing rules of Euronext Dublin. For the
purpose of MAR, the Buyback will enable the Company to meet obligations
arising from share option programmes and Shares repurchased for this purpose
will be held in treasury.

Kingspan will make further announcements following any repurchase of shares.
There is no guarantee that the Buyback will be implemented in full.

 

For further information please contact:

 

Lorcan Dowd

Company Secretary

+ 353 (0)42 9698000

 

Note: This announcement contains inside information for the purposes of
Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon publication of this
announcement, the inside information is now considered to be in the public
domain for the purposes of MAR. The person responsible for arranging the
release of this announcement on behalf of the Company is Lorcan Dowd, Kingspan
Group plc's Company Secretary and General Counsel. The date and time of this
statement is the same as the date and time that it has been communicated to
the media.

 

 

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