REG - Trainline PLC - Announcement of share repurchase programme

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RNS Number : 8658Y  Trainline PLC  11 September 2025

 

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Trainline plc

Announcement of enhanced £150 million share repurchase programme

11th September 2025

 

 

Trainline plc ("Trainline", the "Company" or the "Group") announces today it
will commence a share repurchase programme of its ordinary shares of 1p each
(the "Ordinary Shares") up to a maximum consideration of £150,000,000 (the
"Programme") over 12 months, in line with our stated capital allocation
framework. The Programme is to commence following the completion of the
current £75,000,000 share repurchase programme, which was announced on 13
March 2025.

 

Trainline will execute the Programme in two tranches. In respect of the first
tranche, Trainline has entered into an instruction with Numis Securities
Limited ("Deutsche Numis") in relation to the purchase by Deutsche Numis,
acting on a riskless principal basis, during the period commencing upon
completion of the current share repurchase programme of ordinary shares in the
share capital of Trainline (the "Shares") for an aggregate purchase price of
no greater than £75,000,000 (excluding stamp duties, fees and levies) and the
simultaneous on-sale of such Shares by Deutsche Numis to Trainline.

 

Any purchase of Ordinary Shares done in relation to this announcement will be
executed in accordance with  (i) the terms and parameters of Deutsche Numis'
engagement; (ii) the relevant regulations, including the EU Market Abuse
Regulation (596/2014), the Commission Delegated Regulation (2016/1052), in
each case as such legislation forms part of retained EU law (as defined in the
EU (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority's
Listing Rules and (iii) Trainline's general authority to make market purchases
of Shares

 

Trainline 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 either be cancelled or held in treasury.

 

With regards to the second tranche, Trainline has entered into an instruction
with Morgan Stanley & Co. International Plc ("Morgan Stanley"). Further
details on the second tranche of the Programme will be announced in due
course.

 

The Programme is expected to run beyond the date of the Company's next Annual
General Meeting ("AGM"), and its continuation after the expiry of the current
general authority for Trainline to make market purchases of Shares will be
conditional upon renewal of such authority at that AGM.

 

The person responsible for arranging the release of this announcement on
behalf of Trainline is Madeleine Cordes, Interim Company Secretary.

 

Enquiries

For investor enquiries, Andrew Gillian     investors@trainline.com
(mailto:investors@trainline.com)

For media enquiries, Hollie Conway        press@trainline.com
(mailto:press@trainline.com)

 

Brunswick Group

Simone Selzer
 
trainline@brunswickgroup.com (mailto:trainline@brunswickgroup.com) / +44 207
404 5959

 

Forward looking statements and other important information

This document is for informational purposes only and does not constitute an
offer or invitation for the sale or purchase of securities or any businesses
or assets described in it, nor should any recipients construe the information
contained in this document as legal, tax, regulatory, or financial or
accounting advice and are urged to consult with their own advisers in relation
to such matters.  Nothing herein shall be taken as constituting investment
advice and it is not intended to provide, and must not be taken as, the basis
of any decision and should not be considered as a recommendation to acquire
any securities of Trainline.

This document contains forward looking statements, which are statements that
are not historical facts and that reflect Trainline's beliefs and expectations
with respect to future events and financial and operational performance. These
forward looking statements involve known and unknown risks, uncertainties,
assumptions, estimates and other factors, which may be beyond the control of
Trainline and which may cause actual results or performance to differ
materially from those expressed or implied from such forward-looking
statements.  Nothing contained within this document is or should be relied
upon as a warranty, promise or representation, express or implied, as to the
future performance of Trainline or its business. Any historical information
contained in this statistical information is not indicative of future
performance. The information contained in this document speaks only as at the
date of this document and Trainline expressly disclaims any obligations or
undertaking to release any update of, or revisions to, any forward-looking
statements in this document.

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