REG - Pebble Group (The) - Launch of Share Buyback Programme

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RNS Number : 8633W  Pebble Group PLC (The)  17 March 2026

17 March 2026

THE PEBBLE GROUP PLC

("The Pebble Group" or the "Group")

Launch of Share Buyback Programme

The Pebble Group, a leading provider of digital commerce, products and related
services to the global promotional products industry, is pleased to announce
the commencement, today, of a share buyback programme (the "Share Buyback
Programme") in the Group's ordinary shares of 1 pence each ("Ordinary
Shares").

The Board considers that the Group's strong balance sheet provides an
opportunity to repurchase its Ordinary Shares at an attractive level whilst
returning capital back to shareholders. The Share Buyback Programme reflects
both the Board's confidence in the Group's future value, its maintained focus
on capital allocation and enhancing shareholder returns, alongside its
continued investment in the Group's strategy.

Pursuant to the Share Buyback Programme, Ordinary Shares may be purchased by
the Group up to either of the following limits (the first such limit to be
reached being the "Maximum Amount"):

(a) a maximum aggregate consideration (exclusive of any applicable taxes,
commission and expense) of £5.0 million; or

(b) a maximum aggregate number of: (i) 16,112,332 Ordinary Shares in line with
the authority given at the Company's Annual General Meeting held on 3 June
2025 ("2025 AGM"); or (ii) if following the Company's annual general meeting
in 2026 (the "2026 AGM") the general authority for the Company to make market
purchases of its own Ordinary Shares has been renewed, such number of Ordinary
Shares as is authorised for market repurchases at the 2026 AGM.

The Company has entered into an agreement with its broker Panmure Liberum
Limited ("Panmure Liberum") to carry out purchases of its Ordinary Shares
under the Share Buyback Programme on its behalf, acting as "riskless" or
"matched" principal. Panmure Liberum will manage the purchases on a
discretionary basis, purchasing Ordinary Shares on the London Stock Exchange
within certain pre-set parameters over the Share Buyback Programme up to the
Maximum Amount.

The maximum price (exclusive of expenses) which may be paid for an Ordinary
Share shall not be more than the higher of: (i) 105 per cent of the average of
the middle market quotations for an Ordinary Share as derived from the Daily
Official List of the London Stock Exchange plc for the five business days
immediately preceding the day on which such share is contracted to be
purchased; and (ii) the higher of the price of the last independent trade of
an ordinary share and the highest current independent bid for an ordinary
share on the trading venues where the purchase is carried out. The minimum
price per Ordinary Share shall be £0.01 (being the nominal value). Any
Ordinary Shares acquired as a result of the Share Buyback Programme will be
cancelled.

Shareholders should be aware that due to the limited liquidity in the Ordinary
Shares, the Share Buyback Programme may on any given trading day represent a
significant portion of the daily traded volume in the Company's Ordinary
Shares on the London Stock Exchange, and may exceed 25% of the average daily
traded volume on the London Stock Exchange. Accordingly, the Company may not
benefit from the exemption contained in Article 5(1) of MAR.

The Company has authorised the Share Buyback Programme to commence from today.
The Share Buyback Programme will terminate on the earliest of: (i) the date on
which the Maximum Amount has been reached, (ii) the conclusion of the
Company's 2026 AGM, if the general authority for the Company to make market
purchases of its own Ordinary Shares is not renewed at the 2026 AGM; and (iii)
31 December 2026.

Any market purchase of Ordinary Shares pursuant to the Share Buyback Programme
will be announced no later than 7:30am (UK time) on the business day following
the day on which the purchase occurred.

The Company confirms that it currently has no inside information.

 

Enquiries

 The Pebble Group                                 +44 (0) 750 012 4121

 Chris Lee, Chief Executive Officer

 Claire Thomson, Chief Financial Officer
 Panmure Liberum (Nominated Adviser and Broker)   +44 (0) 20 3100 2000

 Edward Mansfield

 Will King

 Gaya Bhatt
 Temple Bar Advisory (Financial PR)               +44 (0) 207 183 1190

 Alex Child-Villiers                              pebble@templebaradvisory.com (mailto:pebble@templebaradvisory.com)

 Alistair de Kare-Silver

 

About The Pebble Group

The Pebble Group is a provider of digital commerce, products and related
services to the global promotional products industry, comprising two
differentiated businesses, Facilisgroup and Brand Addition, focused on
specific areas of the promotional products market. For further information,
please visit www.thepebblegroup.com (http://www.thepebblegroup.com/) .

 

 

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