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

St Jamess PlaceAnnouncement

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RNS Number : 7470U  St. James's Place PLC  02 March 2026

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 25 February 2026, 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 £122.6
million. The programme will begin on 2 March 2026 and end no later than 31
August 2026. 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 Morgan Stanley & Co. International Plc is (Morgan Stanley),
pursuant to which Morgan Stanley 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. Morgan Stanley 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).

 

Any purchase of ordinary shares done in relation to this announcement will be
carried out on the London Stock Exchange and Multilateral Trading Facilities,
as defined by the Directive 2014/65/EU on markets in financial instruments
(including the delegated and implementing acts adopted under it) as
implemented, retained, amended, extended, re-enacted or otherwise given effect
in the United Kingdom from 1 January 2021 and as amended or supplemented in
the United Kingdom thereafter, and executed in accordance with the Listing
Rules and the company's general authority to make market purchases of shares.
The shares will be purchased in accordance with the price and volume
conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8
March 2016 supplementing Regulation (EU) No 596/2014 of the European
Parliament and of the Council with regard to regulatory technical standards
for the conditions applicable to buy-back programmes and stabilisation
measures as implemented, retained, amended, extended, re-enacted or otherwise
given effect in the United Kingdom from 1 January 2021 and as amended or
supplemented in the United Kingdom thereafter. The company will announce any
market repurchase of ordinary shares no later than 7.30 a.m. on the business
day following the calendar day on which the repurchase occurred. To the extent
permitted by law, ordinary shares purchased under the programme will be
cancelled.

 

 

Enquiries:

 Hugh Taylor, Director - Investor Relations   Tel: 07818 075143
 Angela Warburton, Director - Communications  Tel: 07442 479542

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

 

 

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