REG-Moonpig Group Plc: Share Repurchase Programme

MoonpigAnnouncement

Thu 07:02

7 May 2026

Moonpig Group plc

 

Share Repurchase Programme

 

Moonpig Group plc (the "Company") announces that further to the announcement
on 18 March 2026, it is today commencing a H1 FY27 share buyback programme
(the "Share Buyback Programme") to repurchase up to £32.5 million of its
ordinary shares (the "Shares").

 

The Share Buyback Programme will run from the date of this announcement until
either 31 October 2026 or until notified by the Company if earlier. 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 2025 Annual General Meeting, by which the Company was authorised to
repurchase up to a maximum amount of 33,014,540 Shares (the "Share Buyback
Authority"), and any further authority to repurchase Shares as may be granted
by its shareholders from time to time under Chapter 9 of the UK Listing Rules.
A           s at 6 May 2026, the remaining headroom under this authority wa   
       s 14,807,628 Shares.

 

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 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 Shares independently
of, and uninfluenced by, the Company, and in accordance with certain pre-set
parameters agreed with the Company. Any purchases of 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).

 

Any purchase under the Share Buyback Programme are separate from, and in
addition to, any Shares purchased under the Moonpig Group plc Employee Benefit
Trust, including the purchase of 1,966,871                    Shares for
aggregate c          onsideration of £4.3                    million, e      
   xcluding stamp duty and expenses (as announced on 6 May 2026).

 

Enquiries:

 

 Moonpig Group                              investors@moonpig.com, pressoffice@moonpig.com  
 Catherine Faiers, 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, Buyagift and Red Letter Days 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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