REG - WH Smith PLC - Commencement of share buyback programme

WH SmithAnnouncement

23/09/2024 07:00

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RNS Number : 1111F  WH Smith PLC  23 September 2024

 

WH Smith PLC

The global travel retailer

 

 

 

23 September 2024

 

This announcement contains inside information.

 

Commencement of share buyback programme

 

WH Smith PLC (the "Company") announces that it has entered into an arrangement
with Barclays Bank PLC ("Barclays"). The arrangement allows Barclays to
purchase ordinary shares ("Shares") in the Company during the period from the
date of this announcement to 15 April 2025. These share purchases will be made
by Barclays acting as riskless principal and in accordance with the
arrangement and, in the case of any purchases made during closed periods,
shall be made independently of and uninfluenced by the Company.

 

Any share purchases effected pursuant to the arrangement will be subject to
the terms of the arrangement with Barclays and in any case will be effected in
a manner consistent with both the general authority vested in the Company to
repurchase shares and the Financial Conduct Authority's Listing Rules.  The
aggregate purchase price under this arrangement will not exceed
£25,000,000.

 

Following the purchase of the Shares, they will be cancelled. The sole purpose
of these share purchases is to reduce the Company's share capital.

 

 

 

Enquiries:

WH Smith PLC

Mark Boyle
 
Investor
Relations
07879 897687

Nicola
Hillman
                Media
Relations
                01793 563354

 
Brunswick

Tim
Danaher
 
 
                020 7404 5959

 

 

 

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