REG - M. P. Evans Group - Share Buyback Programme

M P EvansAnnouncement

26/05/2026 14:45

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RNS Number : 7554F  M. P. Evans Group PLC  26 May 2026

M.P. EVANS GROUP PLC

("Group" or "M.P. Evans")

 

Share buyback programme

The board of directors of M.P. Evans (the "Board") is pleased to announce that
the Group is restarting share buybacks by commencing a new programme (the
"Programme") with immediate effect.

The Programme will have a budget of up to £2 million to be used to buy back
M.P. Evans' shares of 10 pence each ("Shares") in the market over the course
of the period from the date of this announcement until the Company's Annual
General Meeting, due to take place at 12:00 on Friday 12 June 2026. The Board
will consider extending the Programme beyond the AGM, subject to continuing
shareholder approval.

The Board believes the Group is well positioned, supported by strong
operational cash generation and a robust balance sheet. This provides an
opportunity to repurchase Shares at advantageous levels, as part of its
overall approach to capital allocation, which will focus on long-term value
creation for shareholders.

In order to implement the Programme, M.P. Evans has entered into an agreement
with Cavendish Capital Markets Limited ("Cavendish") on the following basis:

·    Cavendish will manage the purchases on a discretionary basis,
purchasing Shares within certain pre-set parameters and making its trading
decisions independently of, and uninfluenced by, the Group. Purchases may
therefore continue during any closed periods of the Group.

·    The Programme will operate under the authority granted to the Group
by shareholders at the Group's most recent Annual General Meeting, held on 13
June 2025.

·    Any Shares purchased will be cancelled.

·    The Group has authorised the Programme to commence with immediate
effect and will continue whilst it retains the authority from shareholders to
repurchase Shares until 12 June 2026.

·    The Programme will be conducted in accordance with the safe harbour
parameters as prescribed by MAR.

26 May 2026

Enquiries:

 M.P. Evans Group PLC                                Tel: +44 (0) 1892 516333
 Peter Hadsley-Chaplin, chairman
 Matthew Coulson, chief executive
 Luke Shaw, chief financial officer

 Cavendish Capital Markets (Nomad and joint broker)  Tel: +44 (0) 20 7220 0500
 Matt Goode, George Lawson (Corporate finance)
 Will Smith, Harriet Ward (ECM)

 Canaccord Genuity Limited (Joint broker)            Tel: +44 (0) 20 7523 4500
 Henry Fitzgerald-O'Connor, George Grainger

 Alma Strategic Communications (Financial PR)        Tel:  +44 (0)20 3405 0205
 Rebecca Sanders-Hewett, Josh Royston, David Ison

 

 

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