REG - Macfarlane Group PLC - Extension of Share Buyback Programme

MacfarlaneAnnouncement

Tue 15:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260512:nRSL0338Ea&default-theme=true

RNS Number : 0338E  Macfarlane Group PLC  12 May 2026

12 May 2026

Macfarlane Group PLC

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

Extension of share buyback programme

Macfarlane Group PLC announces an extension to the long stop expiry date of
its existing share buyback programme (the "Programme").

On 25 May 2025, the Company announced the launch of the Programme for up to a
maximum amount of £4 million. Since the commencement of the Programme, the
Company has repurchased 3,424,509 ordinary shares of 25 pence each (the
"Ordinary Shares") in aggregate for total consideration of approximately £2.8
million. Accordingly, approximately £1.2 million remains to be deployed under
the Programme. In order to allow the existing Programme to continue to
completion, the Board has resolved to extend the long stop expiry date for the
Programme from 29 May 2026 until the earlier of: (i) the Programme having
reached its £4 million maximum amount, or (ii) close of business on 31
December 2026, unless the Company and Shore Capital Stockbrokers Limited agree
otherwise (in which event an announcement would be made).

The Company has instructed Shore Capital Stockbrokers Limited to conduct the
remainder of the Programme on the Company's behalf on an irrevocable and
non-discretionary basis. The Programme will continue to be effected within
pre-set parameters, including that the maximum price paid per Ordinary Share
shall be no more than 105 per cent. of the trailing five-day average
mid-market price, and in accordance with and under the terms of the general
authority granted to the Board by the Company's shareholders at the Company's
annual general meeting on 12 May 2026 (the "General Authority"). Ordinary
Shares acquired under the Programme will continue to be cancelled which will
reduce the share capital of the Company.

Any purchases of Ordinary Shares by the Company in relation to the Programme
will continue to be conducted in accordance with the General Authority
and, insofar as is possible, in accordance with the safe harbour parameters
of the Market Abuse Regulation (Regulation (EU) No 596/2014) and the
Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK
domestic law by virtue of the UK's European Union (Withdrawal) Act 2018 and
the Market Abuse (Amendment) (EU Exit) Regulations 2019)('MAR') as well as the
applicable laws and regulations of the Financial Conduct Authority.

All other terms of the Programme, as set out in the Programme launch
announcement on 15 May 2025, remain unchanged. Any purchase of Ordinary
Shares by the Company will be notified through an RIS announcement in
accordance with the UK Listing Rules.

 

 Further enquiries:  Macfarlane Group                                                           Tel: 0141 333 9666
                     Peter Atkinson                  Chief Executive
                     Ivor Gray                             Finance
                     Director

                     Spreng Thomson
                     Callum Spreng                                                              Mob: 07803 970103

 

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

 

Notes to Editors:

·    Macfarlane Group PLC has been listed on the Main Market of the London
Stock Exchange (LSE: MACF) since 1973 with over 75 years' experience in the UK
packaging industry.

·    Through its two divisions, Macfarlane Group services a broad range of
business customers, supplying them with high quality protective packaging
products which help customers reduce supply chain costs, improve operational
efficiencies and sustainability and enhance their brand presentation. The
divisions are:

o Packaging Distribution - Macfarlane Packaging Distribution is the leading UK
distributor of a comprehensive range of protective packaging products; and

o Manufacturing Operations - Macfarlane Design and Manufacture is a UK market
leader in the design and production of protective packaging for high value and
fragile products.

·    Headquartered in Glasgow, Scotland, Macfarlane Group employs over
1,200 people at 42 sites, principally in the UK, as well as in Ireland,
Germany and the Netherlands.

·    Macfarlane Group supplies more than 20,000 customers, principally in
the UK and Europe.

·    In partnership with over 2,000 suppliers, Macfarlane Group
distributes and manufactures to a wide range of sectors, including: logistics;
electronics; defence; medical; automotive; aerospace; retail e-commerce; and
food.

 

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  MSCBSGDULDBDGLD



            Copyright 2019 Regulatory News Service, all rights reserved