REG - St. James's Place - Share buy-back programme

St James's PlaceAnnouncement

28/02/2025 07:00

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RNS Number : 7596Y  St. James's Place PLC  28 February 2025

 

St. James's Place plc

 

Share buy-back programme

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY
SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL. NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR
IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 

Further to the announcement made on 27 February 2025, St. James's Place plc
(the Company) announces that it is commencing a share buy-back programme to
repurchase its ordinary shares, subject to a maximum consideration of £92.6
million. The programme will begin on 28 February 2025 and end no later than 30
June 2025. The sole purpose of the buy-back programme is to reduce the capital
of the Company.

 

The programme will be carried out through an irrevocable non-discretionary
agreement with J.P. Morgan Securities plc (JPMS plc), pursuant to which JPMS
plc shall purchase ordinary shares as riskless principal (and not as agent of
the Company) for the subsequent sale on to, and purchase by, the Company in
accordance with the Company's current buy-back authority granted by
shareholders at the Company's 2024 Annual General Meeting. JPMS plc will make
its trading decisions in relation to the ordinary shares independently of, and
uninfluenced by, the Company (including, for the avoidance of doubt, in the
case of any purchases made during closed periods).

 

This arrangement is in accordance with the applicable UK Financial Conduct
Authority's UK Listing Rules and the Company's general authority to repurchase
shares.

 

 

 

 

 

Enquiries:

 Hugh Taylor, Director - Investor Relations            Tel: 07818 075143
 Angela Warburton, Director - External Communications  Tel: 07912 281502

 Brunswick Group:                                      Tel: 020 7404 5959
 Eilis Murphy                                          Email: sjp@brunswickgroup.com (mailto:sjp@brunswickgroup.com)

 Charles Pretzlik

 

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