REG - Young & Co's Brew. - Launch of Share Buyback Programme

Young & Cos BreweryAnnouncement

17/11/2025 07:00

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RNS Number : 6629H  Young & Co's Brewery PLC  17 November 2025

 

YOUNG & CO.'S BREWERY, P.L.C. ("Young's" or the "Company")

 

LAUNCH OF SHARE BUYBACK PROGRAMME

 

Young's, the premium operator of pubs and bedrooms in London and the South of
England, announces that it is today commencing a share buyback programme in
respect of its A ordinary and non-voting ordinary shares of 12.5 pence each
(collectively, the "Shares") for a maximum aggregate consideration of up to
£10 million (the "Share Buyback Programme").

The purpose of the Share Buyback Programme is to reduce the Company's share
capital. The Share Buyback Programme will principally focus on purchasing the
Company's non-voting ordinary shares and all Shares purchased by the Company
under the Share Buyback Programme will be cancelled.

Details of the Share Buyback Programme

Young's has given irrevocable and non-discretionary instruction to Peel Hunt
LLP and Stifel Nicolaus Europe Limited (together, the "Brokers") in relation
to the Share Buyback Programme, which will commence today and will end no
later than the 30(th) of September 2026 or, if earlier, the business day prior
to the Company's AGM to be held in 2026. The Brokers will act as "riskless" or
"matched" principals for the purposes of the Share Buyback Programme, within
certain parameters, and will make their trading decisions concerning the
purchases of Shares independently of the Company.

Shares purchased under the Share Buyback Programme will take place in open
market transactions and in accordance with the general authority to purchase
Shares granted to the Directors of the Company (the "Directors") by its
shareholders at the Company's AGM in 2025 (the "2025 Authority"). The maximum
number of Shares which the Company is authorised to purchase under the 2025
Authority (and therefore the Share Buyback Programme) is 6,209,684. The Share
Buyback Programme will be conducted in accordance with Article 5(1) of
Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 (as amended) ("EUWA") ("UK MAR") and the
provisions of Commission Delegated Regulation (EU) 2016/1052, as it forms part
of UK domestic law by virtue of the EUWA.

The maximum price paid per Share will be no more than the higher of (i) an
amount equal to 5% above the average of the middle market quotations for a
Share of that class as derived from the AIM appendix to the Daily Official
List of the London Stock Exchange for the five business days immediately
preceding the day on which that Share is contracted to be purchased; and (ii)
the higher of the price of the last independent trade and the highest current
independent bid on the trading venues where the purchase is carried out at the
relevant time.

Young's will announce any purchase of Shares under the Share Buyback Programme
no later than 7.30 a.m. on the business day following the calendar day on
which the purchase occurred.

 

The Company will make further regulatory announcements in respect of
repurchases of Shares as required by UK MAR and the AIM Rules for Companies.

 

 

For further information, please contact:

 

 Young & Co.'s Brewery, P.L.C.                             020 8875 7000

 Simon Dodd, Chief Executive Officer

 Michael Owen, Chief Financial Officer

 Peel Hunt - Nominated Adviser and Joint Corporate Broker  020 7418 8900
 George Sellar / Andrew Clark

 Stifel - Joint Corporate Broker                           020 7710 7600
 Erik Anderson / Francis North

 MHP Group                                                 07770 753 544

 Tim Rowntree / Eleni Menikou / Charles Hirst

 

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