REG - ME Group Intl. - Launch of Share Buyback Programme

ME InternationalAnnouncement

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RNS Number : 6675X  ME Group International PLC  23 March 2026

23 March 2026

ME Group International plc

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

Launch of Share Buyback Programme

Further to the Company's announcements on 25 and 26 February 2026 and the
publication of the Company's FY25 results earlier today, ME Group today
announces that it has now entered into instructions with Peel Hunt LLP ("Peel
Hunt") to enable the Company to buy back ordinary shares of 0.5 pence each in
the capital of the Company ("Ordinary Shares") up to a maximum aggregate
consideration (exclusive of any applicable taxes, commission and expenses) of
£18 million (the "Share Buyback Programme").

Details of the Share Buyback Programme

ME Group has given irrevocable and non-discretionary instruction to Peel Hunt
to conduct the Share Buyback Programme on its behalf, which will commence
today and is expected to complete by 31 December 2026, or such later date as
agreed between Peel Hunt and the Company. Peel Hunt will act as "riskless" or
"matched" principal for the purposes of the Share Buyback Programme, within
certain parameters, and will make its trading decisions concerning the
purchases of Ordinary Shares independently of the Company. Share purchases may
therefore continue during any closed period to which the Company is subject
during the above-mentioned period.

Ordinary Shares purchased under the Share Buyback Programme will take place in
open market transactions and in accordance with the general authority to
purchase Ordinary Shares granted to the directors of the Company (the
"Directors") by its shareholders at the Company's General Meeting on 26
February 2026 (the "2026 General Meeting Authority", or as subsequently
granted to the Directors at its AGM in 2027).

The maximum number of Ordinary Shares which the Company is authorised to
purchase under the 2026 General Meeting Authority is 37,772,333.

The Share Buyback Programme will be conducted in accordance with Article 5(1)
of Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 (as amended) ("UK MAR"), the
provisions of Commission Delegated Regulation (EU) 2016/1052, as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as
amended), which deal with buyback programmes, and Chapter 9 of the UK
Financial Conduct Authority's UK Listing Rules ("UKLR"), except that on any
given trading day the number of Ordinary Shares purchased pursuant to the
Share Buyback Programme may exceed 25 per cent. but remain below 50 per cent.
of the average daily trading volume of the Ordinary Shares. Accordingly, on
trading days where the number of Ordinary Shares purchased pursuant to the
Programme exceeds 25 per cent. of the average daily trading volume, the
Company may not benefit from the exemption contained in Article 5(1) of
Regulation (EU) 596/2014, as it forms part of UK MAR.

The maximum price (excluding any expenses) which may be paid for each Ordinary
Share shall not be more than the higher of (i) an amount equal to 105 per
cent. of the average of the middle market quotations for an Ordinary Share, as
derived from the London Stock Exchange Daily Official List, for the five
business days immediately preceding the day on which the Ordinary Share is
contracted to be purchased, and (ii) an amount equal to the higher of the
price of the last independent trade of an Ordinary Share and the highest
current independent bid for an Ordinary Share as derived from the trading
venues on which the purchase is carried out.

ME Group will announce any purchase of its Ordinary Shares under the Share
Buyback Programme no later than the end of the 7(th) daily market session
following the calendar day on which the purchase occurred. The Company will
cancel any Shares purchased or hold them in treasury to meet obligations
arising from share option programmes.

The Company will make further regulatory announcements in respect of any
repurchases of its Ordinary Shares as required by UK MAR and UKLR. The Company
is satisfied that it is not currently in a closed period, nor is it in
possession of any inside information which has not previously been disclosed
via Regulatory Information Service.

 

 ME Group International plc          +44 (0) 1372 453 399

 Vladimir Crasneanscki, Deputy CEO   ir@me-group.com

 Stéphane Gibon, CFO

 Hudson Sandler                      +44 (0) 20 7796 4133

 Wendy Baker / Nick Moore            me-group@hudsonsandler.com

 

NOTES TO EDITORS

 

ME Group International plc (LSE: MEGP) is an international market leader in
automated self-service equipment aimed at the consumer market.

 

The Group operates, sells and services a wide range of instant-service vending
equipment across 16 countries in its key regions of Continental Europe, the UK
& Republic of Ireland and Asia Pacific. The Group's services include:

 

Core activities:

 

 ·         Photo.ME  Photobooths and integrated biometric identification solutions

 ·         Wash.ME   Unattended laundry services and launderettes

 

Ancillary activities:

 

 ·         Print.ME       High-quality digital printing kiosks

 ·         Other vending  Primarily foodservice vending equipment (Feed.ME), Children's rides
                          (Amuse.ME), Photocopier services (Copy.ME)

 

The Group has a proven track record of innovation and diversification of its
products and services enabling it to respond to the evolving needs of its
customers and consumers.

 

The Group benefits from well-established partnerships and long-term contracts
with major site owners in attractive, high-footfall locations, enabling it to
offer multiple products and services onsite. Partners include supermarkets,
petrol forecourts, shopping malls (indoors and outdoors), transport hubs, and
administration buildings (City Halls, Police etc.).

 

The Company's shares have been listed on the London Stock Exchange since 1962.

 

For further information: www.me-group.com (http://www.me-group.com)

 

 

 

 

 

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