Market Purchase of Company's Own Shares

Strategic Insights -

The company has recently made a market purchase of its own shares as part of its authority granted at the Annual General Meeting held on 10 July 2024. The purchase, announced on May 28, 2025, has resulted in the repurchase of 1,677,195 Ordinary shares of 2.5p each at a price of 288.49 pence per share. This transaction has led to an increase in the company's treasury shares, with a total of 113,029,906 Ordinary shares now held in treasury.

Key Takeaways:

  • The company has made a market purchase of 1,677,195 Ordinary shares of 2.5p each at a price of 288.49 pence per share, as part of its authority granted at the Annual General Meeting on 10 July 2024.
  • The total number of Ordinary shares held by the company in treasury has increased to 113,029,906 following this transaction.
  • The company's total number of Ordinary shares in issue remains at 601,665,200, resulting in a total of 488,635,294 voting rights in the company following the repurchase.
  • The company has notified the market that the subsequent number of voting rights held by shareholders is 488,635,294, which can be used for the calculation of notification requirements under the FCA's Disclosure Guidance and Transparency Rules.
  • The share price and voting rights have a direct impact on the company's shareholders and their obligations under the FCA's regulations.
  • The company's actions demonstrate its effort to manage its share capital and comply with regulatory requirements.

Statistics:

  • 1,677,195 Ordinary shares of 2.5p each were repurchased by the company at a price of 288.49 pence per share.
  • The total number of Ordinary shares held in treasury by the company is 113,029,906.
  • The company has 601,665,200 Ordinary shares in issue.
  • The total number of voting rights in the company is 488,635,294 following the repurchase.
  • The number of voting rights in the company that are held by shareholders is 488,635,294.

Sources:

  • Frostrow Capital LLP, "Market Purchase of Company's Own Shares" (PR Newswire, 28 May 2025)
  • Company Secretary Mark Pope, Frostrow Capital LLP, on "For further information, please contact:"

(Frostrow Capital LLP, no date)