REG - Pets at Home Grp - Second Tranche of the Share Buy-Back Programme

Pets at HomeAnnouncement

14/10/2024 07:00

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RNS Number : 9349H  Pets At Home Group Plc  14 October 2024

 

 

FOR IMMEDIATE RELEASE, 14 October 2024

 

Pets at Home Group Plc

Commencement of the Second Tranche of the Share Buy-Back Programme

 

Following the commitment made in the preliminary announcement of its results
for the year ended 28 March 2024, Pets at Home Group plc (the "Company")
announced on 24 June 2024 the commencement of a £25 million share buyback
programme (the "Programme") and that the Programme would be undertaken in two
tranches.

In respect of the second tranche of the Programme, the Company announces that
it has entered into non-discretionary instructions with HSBC Bank plc ("HSBC")
to conduct a share buyback programme on the Company's behalf and to make
trading decisions independently of the Company (the "Second Tranche
Programme").

Under the terms of the engagement with HSBC, the Second Tranche Programme will
be for a maximum aggregate consideration of £12.5 million. The Second Tranche
Programme will commence today, and will end on or before 27 March 2025. As
previously announced, the sole purpose of the Programme is to reduce the
Company's share capital. The board of directors of the Company (the "Board")
has decided that the shares purchased pursuant to the Programme will be
cancelled.

The Programme will take place within the limitations of the authority granted
to the Board of the Company by shareholders at its annual general meeting held
on 11 July 2024, pursuant to which the maximum number of shares to be bought
back by the Company is 46,791,154. The Programme will be in accordance with
the UK version of the EU Market Abuse Regulation (596/2014) and the Commission
Delegated Regulation (2016/1052), which are incorporated into English law by
virtue of the European Union (Withdrawal) Act 2018, and Chapter 12 of the
Financial Conduct Authority's Listing Rules.

 

LEI: 2138003Y9ULD24PD3J93

 

ENDS

 

 Enquiries
 Pets at Home Group Plc:
 Lesley Lazenby, Company Secretary

 +44 (0) 7866 156688

 Investor Relations Enquiries
 Andrew Porteous, Director of Investor Relations

 +44 (0) 7740 361 849

 Aaron Wood, Head of Investor Relations
 +44 (0) 7702 083 154

 Media Enquiries

 Pets at Home Group Plc:
 Natalie Cullington, Head of Communications
 +44 (0)7974 594 701

 Citigate Dewe Rogerson:

 Angharad Couch

 +44 (0) 7507 643 004

 

About Pets At Home

Pets at Home Group Plc is the UK's leading pet care business, providing pets
and their owners with the very best advice, products and care. Pet products
are available online or from over 450 pet care centres, many of which also
have vet practices and grooming salons. The Group also operates a leading
small animal veterinary business, with over 440 veterinary general practices
located both in our pet care centres and in standalone locations. For more
information visit: http://investors.petsathome.com/
(http://investors.petsathome.com/)

 

 

 

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