REG - Softcat PLC - Share Buyback Programme

SoftcatAnnouncement

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RNS Number : 0707O  Softcat PLC  08 January 2026

8 January 2026

 

SOFTCAT plc

('Softcat', the 'Group')

 

Share buyback programme

Softcat plc (LSE: SCT.L), a leading UK provider of IT infrastructure products
and services, today announces the commencement of a share buyback programme
(the 'Programme') to repurchase ordinary shares of £0.0005 each (the
'Shares') for aggregate consideration of up to £45 million. The Programme
commences today, 8 January 2026 and is expected to complete in the first half
of the calendar year.

The Programme is consistent with the Group's disciplined capital allocation
policy and reflects the Board's continued confidence in Softcat's long-term
prospects, supported by the Group's strong cash generation and robust
financial position.

Details of the Programme

Softcat has entered into a non-discretionary agreement with J.P. Morgan
Securities plc ('J.P. Morgan') to conduct the buyback on its behalf and,
acting as riskless principal, carry out on-market purchases of Shares
(including, for the avoidance of doubt, in the case of any purchases made
during closed periods). J.P. Morgan will simultaneously sell the repurchased
Shares to Softcat for cancellation. Softcat will announce any market
repurchase of Shares no later than 7.30 a.m. on the business day following
the calendar day on which the repurchase occurred.

Any purchases of Shares in relation to this announcement will be carried out
on the London Stock Exchange in accordance with certain pre-set parameters
outlined in the agreement with J.P. Morgan. These arrangements are in
accordance with (and subject to the limits prescribed by) the Group's general
authority to repurchase Shares granted by its shareholders at the annual
general meeting ('AGM') held on 15 December 2025; Chapter 9 of the Financial
Conduct Authority's UK Listing Rules; and applicable regulations, including
those provisions of the Market Abuse Regulation (EU) No. 596/2014 (as
incorporated into domestic law by the European Union (Withdrawal) Act 2018)
and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated
into domestic law by the European Union (Withdrawal) Act 2018).

The maximum number of Shares which may currently be purchased or committed to
be purchased by Softcat under the Programme is 19,994,626, which is the
maximum number pursuant to the relevant authorities granted by shareholders at
Softcat's latest AGM.

 

 For further information, please contact:

 Softcat plc:                                +44 (0)1628 403 403
 Graham Charlton, Chief Executive Officer
 Katy Mecklenburgh, Chief Financial Officer
 Michael Watts, Head of Investor Relations

 FTI Consulting LLP:                         +44 (0)20 3727 1000
 Ed Bridges
 Matt Dixon

 

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