REG - McBride PLC - Launch of share buyback programme

McBrideAnnouncement

01/12/2025 07:00

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RNS Number : 5390J  McBride PLC  01 December 2025

1 December 2025

McBride plc

 

Launch of share buyback programme

 

McBride plc (the "Company"), the leading European manufacturer and supplier of
private label and contract manufactured products for the domestic household
and professional cleaning/hygiene markets, today announces the commencement of
a share buyback programme to purchase ordinary shares of 10 pence each in the
Company ("Ordinary Shares") for up to £20 million, as announced in its AGM
trading update published on 20 November 2025 (the "Programme").

The Programme will commence today with the first tranche of up to £10 million
(the "First Tranche"). The First Tranche is structured in two phases. In
respect of the first phase, the Company has entered into a non-discretionary
agreement with Investec Bank plc ("Investec") to act as riskless principal in
relation to the purchase of Ordinary Shares for up to £5 million, and the
subsequent sale of such Ordinary Shares to the Company. The second phase will
be undertaken by Peel Hunt LLP ("Peel Hunt", together with Investec, the
"Brokers"). The Company has entered into a non-discretionary agreement with
Peel Hunt to act as riskless principal in relation to the purchase of Ordinary
Shares for up to £5 million, and the subsequent sale of such Ordinary Shares
to the Company.

Purchases of Ordinary Shares under the First Tranche are expected to commence
on 1 December 2025 and to be completed by no later than 30 April 2026. The
maximum number of Ordinary Shares that may be repurchased by the Company under
the First Tranche is 8,700,764.

The Brokers will each make trading decisions in relation to the Programme
independently of the Company. Any purchase of Ordinary Shares by the Brokers
contemplated by this announcement will be carried out on the London Stock
Exchange. Any purchases of Ordinary Shares by the Company under the Programme
will be carried out on the London Stock Exchange.

The purpose of the Programme is to reduce the share capital of the Company by
returning surplus capital to shareholders. Ordinary Shares purchased under the
First Tranche will be cancelled. These arrangements are in accordance with the
Company's general authority to repurchase shares. The First Tranche will also
be conducted within certain pre-set parameters, in accordance with Chapter 9
of the Listing Rules and within the parameters prescribed by the Market Abuse
Regulation 596/2014/EU and the Commission Delegated Regulation (EU) 2016/1052
(both as incorporated into UK domestic law by the European Union (Withdrawal)
Act 2018).

From time to time, the Board will assess the progress of this Programme in
light of the financial situation of the Company and its capital allocation
needs. The Company's interim results in February 2026 will include a strategy
update which will outline the Company's likely capital needs in the coming
years and a view on its future capital allocation.

For further information, please contact:

 

 McBride plc                               Via Instinctif
 Chris Smith, Chief Executive Officer
 Mark Strickland, Chief Financial Officer

 Instinctif Partners                       020 7457 2020
 Hannah Scott

 Galyna Kulachek

 

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