REG-Travis Perkins Travis Perkins: Extension to Share Buy-back Programme

Travis PerkinsAnnouncement

14/12/2021 07:10

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   Travis Perkins (TPK)
   Travis Perkins: Extension to Share Buy-back Programme

   14-Dec-2021 / 07:05 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Travis Perkins plc to extend its share buy-back programme by an additional
   consideration of £70 million

   Travis Perkins plc ("Travis Perkins" or "the Company") is pleased to
   announce the continuation of its capital return to shareholders by
   extending its initial £100m share buy-back programme by a further £70m,
   which will also be returned through a buy-back of Travis Perkins ordinary
   shares (the "Extended Programme"). The Extended Programme will be effected
   in accordance with the terms of the authority granted by shareholders at
   the 2021 AGM and the Listing Rules.

   Travis Perkins will update shareholders on its capital return programme at
   its Full-Year results, on 1 March 2022, and remains committed to returning
   to shareholders the net proceeds from the disposal of its Plumbing &
   Heating distribution business.

   Since the commencement of the initial period of the buy-back programme on
   1 October 2021, the Company has bought back 3,810,335 ordinary shares for
   a total consideration of approximately £58m. The Extended Programme
   instructs Citigroup Global Markets Limited ("Citi") to make trading
   decisions independently of the Company to purchase an additional tranche
   of ordinary shares to a total value of up to £70m taking the total value
   of Travis Perkins's buy-back programme to £170m. These instructions will
   commence at 8.00am UK time on 14 December 2021 and will end no later than
   close of dealings in London on 23 June 2022 unless Citi or the Company
   choose to terminate the agreement.

   As in the initial buy-back programme, shares acquired by Citi under the
   agreement will be sold on to Travis Perkins. The sole purpose of the
   Programme is to reduce Travis Perkins's share capital. The maximum number
   of shares to be acquired under the Programme is 22,502,592 million and the
   Extended Programme is expected to complete by 23 June 2022.

   Any purchase of Travis Perkins ordinary shares contemplated by this
   announcement will be executed in accordance with the Company's general
   authority to repurchase ordinary shares granted by its shareholders on 27
   April 2021, Market Abuse Regulation 596/2014 and the Commission Delegated
   Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by
   the European Union (Withdrawal) Act 2018), and Chapter 12 of the Financial
   Conduct Authority's Listing Rules.

    

    

    

   For further information, please contact:

    

   Investor Relations:

    

   Matt Worster     

   +44 (0) 7990 088548

    1 Matt.worster@travisperkins.co.uk

    

    

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   ISIN:           GB00BK9RKT01
   Category Code:  MSCH
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   129889
   EQS News ID:    1257348


    
   End of Announcement EQS News Service

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References

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   1. mailto:Matt.worster@travisperkins.co.uk


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