REG - Taylor Wimpey PLC - Share Buyback Programme

Taylor WimpeyAnnouncement

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RNS Number : 4008V  Taylor Wimpey PLC  05 March 2026

 

 

 

 

 

 

 

5 March 2026

Taylor Wimpey plc

Share Buyback Programme

 

 

Taylor Wimpey plc (the "Company" or "Taylor Wimpey") announces that it has
entered into an arrangement with Citigroup Global Markets Limited ("Citi") to
purchase up to £52,330,000 of the Company's ordinary shares of 1 pence each
(the "Shares") pursuant to a share buyback programme announced today (the
"Buyback Programme").  Citi will act as riskless principal for the
simultaneous on-sale of such Shares to the Company and will make its trading
decisions independently of the Company.

 

Purchases of the Shares under the Buyback Programme will commence on 5 March
2026 and end no later than 30 June  2026. The aggregate maximum pecuniary
amount allocated to the Buyback Programme is £52,330,000 (exclusive of
associated fees, expenses and stamp duty). The purpose of the Buyback
Programme is to reduce the share capital of the Company.

 

Citi may effect purchases of Shares under the Buyback Programme on the London
Stock Exchange. The Company intends that 25 million Shares purchased under the
Buyback Programme will be held in treasury and the remaining Shares that are
purchased will be cancelled.

 

Any acquisitions under the Buyback Programme will be carried out within
certain pre-set parameters specified in the agreement with Citi, and will be
made  in accordance with the Company's general authority to repurchase shares
as granted at the Company's Annual General Meeting on 30 April 2025, pursuant
to which the maximum number of Shares that may be bought back by the Company
may not exceed 354,006,117.

 

The Buyback Programme will be conducted  in accordance with the Market Abuse
Regulation (EU) No 596/2014 (as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended), the Commission
Delegated Regulation 2016/1052/EU (as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended) and Chapter 9
of the UK Listing Rules.

 

The Company will make further announcements in due course following any
repurchase of Shares.

 

-Ends-

 

 

 

For further information please contact:

Taylor Wimpey plc
 
            Tel: +44 (0) 1494 858323

Chris Carney, Group Finance Director

Ishaq Kayani, Group General Counsel and Company Secretary

 

Notes to editors:

Taylor Wimpey plc is a customer-focused homebuilder, operating at a local
level from 22 regional businesses across the UK. We also have operations in
Spain. Our purpose is to build great home and create thriving communities.

For further information please visit the Group's website:
www.taylorwimpey.co.uk (https://www.taylorwimpey.co.uk/corporate) /corporate

Follow our company page on LinkedIn, Taylor Wimpey plc

 

 

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