REG-Moonpig Group Plc: Share Repurchase Programme

MoonpigAnnouncement

Today 07:02

2 May 2025

Moonpig Group plc

 
Share Repurchase Programme
 

Moonpig Group plc (the "Company") announces that further to the announcement
on 3 April 2025, it is today commencing a share buyback programme (the "Share
Buyback Programme") to repurchase up to £30m of its ordinary shares (the
"Shares").

 

The Share Buyback Programme will run from the date of this announcement until
either 31 October 2025 or until notified by the Company. The Company's policy
with respect to share buybacks is that it will only conduct share buybacks
when they use excess capital and they are earnings enhancing.

 

The Share Buyback Programme will operate under the authority granted at the
Company's 2024 Annual General Meeting (AGM), by which the Company was
authorised to repurchase up to a maximum amount of 34,362,148 Shares (the
"Share Buyback Authority"). As at 30 April 2025, the remaining headroom under
this authority was 22,984,643 Shares. The authority will expire at the next
AGM on 17 September 2025 when shareholders will be requested to grant a
further authority to the Company to repurchase Shares within the limits
prescribed by section 701 of the Companies Act 2006.

 

The purpose of the Share Buyback Programme is to return excess capital to
shareholders and reduce the capital of the Company. Shares bought back under
the Share Buyback Programme are intended to be cancelled.

 

In order to implement the Share Buyback Programme, J.P. Morgan Securities plc
("JPMS plc") shall purchase ordinary shares as riskless principal (and not as
agent of the Company) for the subsequent sale on to, and purchase by, the
Company. JPMS plc will make its trading decisions in relation to the ordinary
shares independently of, and uninfluenced by, the Company, and in accordance
with certain pre-set parameters agreed with the Company. Any purchases of
Ordinary Shares under the Share Buyback Programme will be carried out on the
London Stock Exchange and in accordance with (and subject to the limits
prescribed by) the Share Buyback Authority, Chapter 9 of the Financial Conduct
Authority's Listing Rules, Article 5(1) of the Market Abuse Regulation (EU) No
596/2014 (as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended (the "Withdrawal Act")) and the Commission
Delegated Regulation (EU) No 2016/1052 (as it forms part of domestic law by
virtue of the Withdrawal Act).

 

 

Enquiries:

 

 Moonpig Group                              investors@moonpig.com, pressoffice@moonpig.com  
 Nickyl Raithatha, Chief Executive Officer                                                  
 Andy MacKinnon, Chief Financial Officer                                                    

 

 

About Moonpig:

 

Moonpig Group plc (the "Group") is a leading online greeting cards and gifting
platform, comprising the Moonpig, Red Letter Days and Buyagift brands in the
UK and the Greetz brand in the Netherlands. The Group is the online market
leader in cards in both of its markets and is also the UK market leader in
gift experiences.

 

The Group's leading customer proposition includes an extensive range of cards,
a curated range of gifts, personalisation features and next day delivery
offering.

 

The Group offers its products through its proprietary technology platforms and
apps, which utilise unique data science capabilities designed by the Group to
optimise and personalise the customer experience and provide scalability.
Learn more at https://www.moonpig.group/.

 



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