REG - Likewise Group PLC - Transaction in Own Shares and Grant of Options

LikewiseAnnouncement

13/08/2024 07:00

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RNS Number : 1628A  Likewise Group PLC  13 August 2024

13 August 2024

 

 

Likewise Group plc

 

("Likewise", the "Company", or the "Group")

 

Transaction in Own Shares and Grant of Options under the SAYE Scheme

 

Transaction in Own Shares

 

Likewise Group plc (AIM: LIKE), the fast growing UK floor coverings
distributor, announces that on 12 August 2024 it purchased 29,451 ordinary
shares of £0.01 each in the Company (the "Repurchased Shares"), pursuant to
the share buyback programme (the "Buyback Programme") that was announced on 16
July 2024, as follows (together the "Transaction"):

 

 

 Date of purchase                                        12 August 2024
 Number of ordinary shares purchased                     29,451
 Highest price paid per ordinary share                   19.18 pence
 Lowest price paid per ordinary share                    19.18 pence
 Volume weighted average price paid per ordinary share   19.18 pence

 

 

Following the Transaction, the issued share capital of the Company remains
unchanged at 245,583,480 and the Company now holds 289,806 shares in treasury.
The total voting rights in the Company is now 245,293,674 which may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, Likewise under the FCA's Disclosure Guidance and
Transparency Rules.
 

 

The Company will make further announcements in due course following the
completion of any further purchases pursuant to the Buyback Programme.

 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 details of the purchase of its own ordinary shares by the Company,
which were all executed through the Company's broker, Zeus Capital Limited,
are set out below:

 

 Schedule of Purchases:
 Shares purchased:                   Likewise Group plc (ISIN: GB00BHNWH003)
 Date of purchases:                  12 August 2024

 Aggregate information:

 Aggregated Volume                   Volume-weighted         Venue

average price (pence)
 29,451                              19.18                   London Stock Exchange

 Individual transactions:

 Volume                              Price                   Time
  29,451                             19.1800 pence            11:06 UK

 

Grant of Options under the SAYE scheme

 

Further to the announcement dated 27 June 2024, an administrative error by the
Company's registrars resulted in 74,798 options granted to one individual
under the five-year SAYE scheme being missed.

 

Accordingly, total options granted across the 119 employees was over a total
of 8,237,413 (and not 8,162,615) Likewise ordinary shares under its employee
Save As You Earn ("SAYE") share option scheme, of which 5,940,435 vest in
three years' time and 2,296,978 vest in five years' time.

 

 For further information, please contact:
 Likewise Group plc                                                   Tel: +44 (0) 121 817 2900

 Tony Brewer, Chief Executive
 Zeus (Nominated Adviser and Joint Broker)                            Tel: +44 (0) 20 3829 5000

 Jordan Warburton / David Foreman / James Edis (Investment Banking)

 Dominic King / Fraser Marshall (Corporate Broking)
 Ravenscroft (Joint Broker)                                           Tel: +44 (0) 1481 732 746

 Semelia Hamon (Corporate Finance)
 Novella Communications (Financial PR)                                Tel: +44 (0) 20 3151 7008

 Claire de Groot / Tim Robertson

 

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