REG - Rathbones Group PLC - Launch of share buyback programme

RathbonesAnnouncement

Tue 07:30

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RNS Number : 5313X  Rathbones Group PLC  02 September 2025

RATHBONES GROUP PLC (the "Company")

LEI: 213800MBTHM6UE8ZQP29

 

Launch of share buyback programme

 

The Company today announces that, further to its announcement on 30 July 2025,
it is today launching a programme to purchase ordinary shares of 5 pence each
in the Company ("Ordinary Shares"), up to a maximum consideration of £50
million (the "Programme").

 

The Company has entered into an irrevocable commitment with Merrill Lynch
International ("MLI") to manage the Programme and to make trading decisions
under the Programme independently of the Company. Under the Programme MLI will
purchase Ordinary Shares as riskless principal for a maximum consideration of
up to £50 million, and within certain defined parameters, for subsequent
repurchase by the Company.

 

The Programme will take place within the limitations of the authority granted
by shareholders to the Board of the Company at the Company's Annual General
Meeting held on 8 May 2025 (the "AGM").  Details of the authority granted at
the AGM can be found within the 2025 Notice of AGM, found on the Company's
website.

 

Any purchase of Ordinary Shares will be conducted within the parameters
(including price and volume conditions) prescribed by the Market Abuse
Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (as
in force in the UK from time to time, including, where relevant, pursuant to
the European Union (Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU
Exit) Regulations 2019) as well as applicable laws and the regulations of the
Financial Conduct Authority (including Chapter 9 of the UK Listing Rules).

 

Purchases of Ordinary Shares as part of the Programme will take place in open
market transactions and may be made from time to time depending on market
conditions, share price, trading volume and other terms.

 

Any market repurchase of Ordinary Shares will be announced no later than 7:30
a.m. on the business day following the calendar day on which the repurchase
occurred.

 

The Ordinary Shares purchased by the Company will be cancelled.

 

The purpose of the Programme is to reduce the Company's share capital. The
Company confirms that it currently has no unpublished price sensitive
information.

 

The Company will make further announcements in due course following the
buyback of shares. Note there can be no guarantee that the Programme will be
implemented in full.

 

 

Ali Johnson

Group Company Secretary

Email: CompanySecretariat@rathbones.com

Telephone - 07901 118456

 

2 September 2025

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