REG - Marlowe PLC - Transaction in Own Shares

MarloweAnnouncement

16/01/2025 07:00

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RNS Number : 5005T  Marlowe PLC  16 January 2025

16 January 2025

 

Marlowe plc

 

Transaction in Own Shares

 

Marlowe plc ("Marlowe" or the "Group"), the leader in business-critical
services, announces that, in accordance with the terms of its share buyback
programme announced on 22 May 2024, the Company has purchased 15,593 ordinary
shares of 50 pence each in the capital of the Company (the "Shares") in the
market at a volume weighted average price of 320.0 pence per Share through
Cavendish Capital Markets Limited ("Cavendish"). The Shares acquired will, in
due course, be cancelled.

 

 

Aggregated Information

 

 Date of Purchase:                                      15/01/2025
 Aggregate Number of Shares Purchased:                  15,593
 Lowest Price Paid per Share (pence):                   320.0
 Highest Price Paid per Share (pence):                  320.0
 Volume-Weighted Average Price Paid per Share (pence):  320.0

 

 

Following the cancellation of Shares, Marlowe will have 82,415,264 ordinary
shares of 50 pence each in issue and no ordinary shares are held in treasury.
This figure 82,415,264 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, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

 

 Individual Transactions
 Number of Shares purchased  Transaction price (pence per Share)  Time of transaction  Venue
 15,593                      320.0                                16:32                AIMX

 

In addition, the Company announces that 150,000 Shares were repurchased on 9
October 2024 in the market at a volume weighted average price of 346.896 pence
per Share, and 120,000 Shares were repurchased on 23 October 2024 in the
market at a volume weighted average price of 329.65 pence per Share, both
transactions taking place through Cavendish. These Shares have already been
cancelled prior to the release of this announcement and have no impact on the
number of ordinary shares the Company will have in issue following the
cancellation of the 15,593 Shares outlined above.

 

Aggregated Information

 

 Date of Purchase:                                      09/10/2024  23/10/2024
 Aggregate Number of Shares Purchased:                  150,000     120,000
 Lowest Price Paid per Share (pence):                   346.896     329.65
 Highest Price Paid per Share (pence):                  346.896     329.65
 Volume-Weighted Average Price Paid per Share (pence):  346.896     329.65

 

 Individual Transactions
 Number of Shares purchased  Transaction price (pence per Share)  Date of transaction  Time of transaction  Venue
 150,000                     346.896                              09/10/2024           16:39                AIMX
 120,000                     329.65                               23/10/2024           15:43                AIMX

 

 For further information:

 Marlowe plc
 Lord Ashcroft, Interim Non-Executive Chair  www.marloweplc.com

 Adam Councell, Chief Financial Officer      Tel: +44 (0)20 3813 8498

 Benjamin Tucker, Head of Group Reporting    IR@marloweplc.com (mailto:IR@marloweplc.com)

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)
 Ben Jeynes                                  Tel: +44 (0)20 7220 0500

 George Lawson

 FTI Consulting
 Nick Hasell                                 Tel: +44 (0)20 3727 1340

 Alex Le May

 

About Marlowe plc

Marlowe is a leader in business-critical services which ensures compliance
with strict regulations and insurance requirements across Fire Safety &
Security and Water & Air Hygiene. The Group has a national footprint and
serves approximately 27,000 customers across office complexes, high streets
& leisure facilities, manufacturing plants and industrial estates, and
include thousands of SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.

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