REG - Mortgage Adv. Bureau - Launch of Share Buyback Programme

Mortgage Advice Bureau (Holdings)Announcement

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RNS Number : 7186Y  Mortgage Advice Bureau (Hldgs) PLC  31 March 2026

31 March 2026

Mortgage Advice Bureau (Holdings) plc

("MAB" or the "Company")

Launch of Share Buyback Programme

 

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) announces that it is today
commencing a share buyback in respect of its ordinary shares of 0.1 pence each
("Ordinary Shares") for a maximum of 478,775 shares (the "Share Buyback"). The
purpose of the Share Buyback is to meet obligations arising from share option
programmes.

 

On 30 March 2026, the Company entered into a non-discretionary arrangement
with Stifel Nicolaus Europe Limited (trading as Keefe, Bruyette & Woods)
("KBW") to enable KBW to conduct the Share Buyback on its behalf on a
broker-managed basis, with trading decisions being taken independently of the
Company. The Share Buyback will be effected within the parameters of the
Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation
2016/1052/EU, each as incorporated into UK domestic law by the European Union
(Withdrawal) Act 2018.

 

The Share Buyback is in accordance with the terms of the Company's authority
to make market purchases of its own Ordinary Shares granted to it by
shareholders on 21 May 2025 (the "Authority"), including that the maximum
price paid per Ordinary Share shall not exceed the higher of: (a) 105 per
cent. of the average trading price of the Ordinary Shares as derived from the
middle market quotations for an Ordinary Share on the London Stock Exchange
Daily Official List for the five trading days immediately preceding the date
on which an Ordinary Share is contracted to be purchased; and (b) the higher
of the price of the last independent trade and the highest current independent
bid on the trading venue where the purchase is carried out.

 

The Share Buyback commences today and, unless terminated by the Company, will
end on the expiration of the Authority or, if earlier, the date upon which the
maximum number of Ordinary Shares have been purchased (the "Buyback Period").
Purchases of Ordinary Shares will continue independently of and uninfluenced
by the Company during any closed period to which the Company is subject and/or
if the Company comes into possession of inside information.

 

It is expected that any Ordinary Shares acquired pursuant to the Share Buyback
will be held in treasury.

 

The Company intends to announce any purchase of Ordinary Shares under the
Share Buyback on a weekly basis and not later than the seventh calendar day
after any purchase has occurred.

 

 

Enquiries:

 Mortgage Advice Bureau (Holdings) plc             Via Camarco
 Peter Brodnicki, Chief Executive Officer

 Emilie McCarthy, Chief Financial Officer
 Nominated Adviser and Joint Broker                  +44 (0) 20 7710 7600

 Keefe, Bruyette & Woods, a Stifel Company

 Erik Anderson / Jason Grossman / Francis North

 Joint Broker                                      +44 (0) 20 3207 7800

 Berenberg

 James Felix / Michael Burke / Dan Gee-Summons

 Joint Broker                                      +44 (0) 20 7418 8900

 Peel Hunt LLP

 Andrew Buchanan / Thomas Philpott / Rob Parker

 Media Enquiries                                   mab@camarco.co.uk

 Camarco

 Tom Huddart / Letaba Rimell

 Investor Relations                                Investor.relations@mab.org.uk

About Mortgage Advice Bureau:

MAB is one of the UK's leading consumer intermediary brands and specialist
networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has
over 2,100 advisers providing expert advice to customers on a range of
mortgage, specialist lending, protection, and general insurance products. MAB
supports its AR firms with proprietary technology and services, including
adviser recruitment and lead generation, learning and development, compliance
auditing and supervision, and digital marketing and website solutions.

For more information, visit www.mortgageadvicebureau.com
(https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.proofpoint.com%2Fv2%2Furl%3Fu%3Dhttp-3A__www.mortgageadvicebureau.com_%26d%3DDwMF-g%26c%3DeuGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM%26r%3DNj006SAhpfJGzqX7TkdnFCOXt8K8HLR6t-m0tfk0sKk%26m%3DgFRfhF8o351YluA18Bjv7ycyKw7h2VVplazDY2IEW0sQ8C0AaYe1Qup_V9gmZQNd%26s%3DKfp85WcIcWHD48Cv6_MtN85WTzPhbcPhgoql1Us5h60%26e%3D&data=05%7C02%7CLetaba.Rimell%40camarco.co.uk%7C49fa9aa74f034fc9a49108dcfff2bf39%7C77a5f6209d7747dba0cd64c70948d532%7C1%7C0%7C638666665356187099%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=OvOcJHyFYzHfR6M9dFsyhwxgXQbIjrac6cGpXoERDmo%3D&reserved=0)

 

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