REG - Speedy Hire PLC - Transaction in Own Shares

Speedy HireAnnouncement

09/03/2023 07:00

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RNS Number : 3647S  Speedy Hire PLC  09 March 2023

Speedy Hire Plc

("Speedy", "the Company" or "the Group")

9 March 2023

Transaction in Own Shares and Completion of Share Buyback Programme

Speedy, the UK's leading provider of tools and equipment hire, and services to
the construction, infrastructure and industrial markets, announces that, in
accordance with the terms of its share buyback programme announced on 27
January 2022 as updated on 9 September 2022 (the "Share Buyback Programme"),
the Company purchased the following number of its ordinary shares of 5 pence
each ("Ordinary Shares") through Liberum Capital Limited ("Liberum").

 Date of purchase:                                                 8 March 2023
 Aggregate number of ordinary shares of 5 pence each purchased:    495,457
 Lowest price paid per share (GBp):                                36.45
 Highest price paid per share (GBp):                               37.40
 Volume weighted average price paid per share (GBp):               36.71

 

The purchase of Ordinary Shares referred to above concludes the Share Buyback
Programme to purchase an aggregate value of up to £30,000,000 of the
Company's Ordinary Shares in accordance with its terms. In total under the
Share Buyback Programme, Speedy repurchased 67,713,058 Ordinary Shares in the
Company, of which 55,146,281 are held in treasury and 12,566,777 have been
cancelled. The total number of Ordinary Shares repurchased represents 12.8% of
the Company's issued share capital on the day prior to the commencement of the
Share Buyback Programme.

Following the settlement of the above transactions, the Company's total issued
share capital will consist of 516,983,637 Ordinary Shares, of which 55,146,281
will be held in treasury. Therefore, the total voting rights in the Company
will be 461,837,356. This figure for the total number of voting rights may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018, the table below contains detailed information of the individual
trades made by Liberum as part of the Share Buyback Programme.

Aggregate information:

  Venue   Volume-weighted average price (pence per share)  Aggregated volume
 XLON     36.71                                            486,432
 CHIX     36.65                                            1,652
 BATE     36.80                                            4,979
 TRQX     36.55                                            2,394
 AQXE     -                                                -

 

Individual transactions:

 Number of shares purchased  Transaction price   Time of transaction  Venue

(pence per share)
 3,142                       37.40               08:01:41             XLON
 3,083                       37.20               08:09:35             XLON
 7,877                       37.20               08:09:35             XLON
 2,882                       36.95               08:11:37             XLON
 2,823                       36.80               08:16:01             XLON
 4,770                       36.70               12:39:16             XLON
 443                         36.70               12:39:16             XLON
 18                          36.70               12:39:16             XLON
 3,098                       36.70               12:46:58             XLON
 100,000                     36.70               12:47:13             XLON
 100,000                     36.70               12:47:24             XLON
 2,827                       36.65               12:47:30             XLON
 123                         36.65               12:47:30             XLON
 2,462                       36.90               14:39:21             XLON
 3,654                       36.80               14:39:21             BATE
 1,325                       36.80               14:39:21             BATE
 1,652                       36.65               14:39:21             CHIX
 720                         36.60               14:39:21             XLON
 148                         36.55               14:39:21             XLON
 100,000                     36.65               14:39:34             XLON
 100,000                     36.65               14:39:45             XLON
 84                          36.45               15:28:32             XLON
 565                         36.45               15:32:22             XLON
 7,184                       36.90               15:37:49             XLON
 237                         36.90               15:37:49             XLON
 6,432                       36.90               15:37:49             XLON
 3,485                       36.85               15:37:49             XLON
 3,271                       36.85               15:37:49             XLON
 237                         36.85               15:37:49             XLON
 371                         36.60               15:37:49             XLON
 2,394                       36.55               15:37:54             TRQX
 1,288                       36.75               15:38:49             XLON
 1,532                       36.75               15:38:49             XLON
 1,066                       36.75               15:38:52             XLON
 3,276                       36.75               15:39:00             XLON
 1,233                       36.75               15:45:08             XLON
 1,755                       36.75               15:45:08             XLON
 10,000                      36.80               16:11:53             XLON
 10,000                      36.80               16:12:02             XLON

 

 

 

 

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