Wickes Group PLC Share Buyback Programme
19 3월 2024 - 5:41PM
RNS Regulatory News
RNS Number : 4047H
Wickes Group PLC
19 March 2024
Wickes
Group PLC
19 March
2024
Notification of Share Buyback Programme
Following
the release of its Full Year results today, Wickes Group plc (the
"Company") is pleased to
announce the commencement of the second tranche of its £25 million
share buyback programme (the "Second Tranche") previously announced
on 28 July 2023.
The Second
Tranche will be for a maximum aggregate market value equivalent to
£12,500,000 (the "Buyback
Amount") (excluding any associated costs and stamp duty)
which will be bought back in the form of the Company's ordinary
shares. The Second Tranche will commence from the date of this
announcement and will end on or before 30 September 2024. The sole
purpose of the Second Tranche is to reduce the Company's share
capital. The Company intends to cancel any shares
purchased.
The Company
has entered into a non-discretionary arrangement with Peel Hunt LLP
("Peel Hunt") to conduct
the Second Tranche on its behalf. Under this arrangement,
Peel Hunt will act as principal and make trading decisions
independently of the Company.
The Second
Tranche 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 16,736,366 ordinary shares. The
maximum aggregate number of shares will be updated to reflect the
authority granted to the Board at the 2024 AGM to be held on 24 May
2024. The Second Tranche 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
Lucy Legh,
Will Smith
Headland - PR Adviser to the Company
+44 (0) 0203 805 4822
wickes@headlandconsultancy.com
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END
POSEAPDNFDNLEEA
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