REG - Wickes Group PLC - Share Buyback Programme

WickesAnnouncement

31/03/2025 07:15

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RNS Number : 7421C  Wickes Group PLC  31 March 2025

31 March 2025

Wickes Group Plc ("Wickes" or the "Company")

Notification of Share Buyback Programme

Pursuant to the release of its Full Year results on 20 March 2025, Wickes is
pleased to announce the commencement of a second share buyback programme (the
"2025 Programme").

The 2025 programme will be for a maximum aggregate market value equivalent to
£20,000,000 (excluding any associated costs and stamp duty) which will be
bought back in the form of the Company's ordinary shares.

The 2025 Programme will comprise two tranches, each for a maximum aggregate
market value equivalent to £10,000,000.  The first tranche ("Tranche One")
will commence on 31 March 2025 and will end on or before 31 July 2025 and the
second tranche ("Tranche Two") will commence following completion of Tranche
One on or around 1 August 2025 and will end on or before 31 December 2025. The
sole purpose of the 2025 Programme is to reduce the Company's share capital.
The Company intends to cancel any shares purchased.

The Company has entered into non-discretionary instructions with Investec Bank
plc ("Investec") to conduct Tranche One and Peel Hunt LLP ("Peel Hunt") to
conduct Tranche Two on its behalf.  Under these arrangements, Investec and
Peel Hunt will act as principal and make trading decisions independently of
the Company.

The 2025 Programme will take place within the limitations of the authority
granted to the Board of the Company by its relevant annual general meeting
(the "AGM") which at the date of this announcement is 19,966,317 ordinary
shares. The maximum aggregate number of shares to be purchased will be updated
to reflect the authority granted to the Board at the 2025 AGM to be held on 8
May 2025.

The 2025 Programme will take place in accordance with the Market Abuse
Regulation (596/2014) as it forms part of domestic law by virtue of section 3
of the European Union (Withdrawal) Act 2018 (as amended) and Chapter 12 of the
Financial Conduct Authority's Listing Rules.

For further information please contact:

Holly Grainger

Director of Investor Relations

+44 (0) 7341 680426

holly.grainger@wickes.co.uk

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