London-Based Company Purchases Own Shares in Market

Strategic Insights -

The UK-based company has made a significant move in purchasing its own shares in the market. The purchase, which was approved at the company's Annual General Meeting on July 9, 2025, has seen the company acquire a total of 2,595,750 ordinary shares. This transaction brings the total number of shares held in treasury to 162,597,978, with the total number of ordinary shares in issue remaining at 601,665,200. The company has accordingly notified the market of the updated shareholding and voting rights.

Key Takeaways:

  • The company has purchased a total of 2,595,750 ordinary shares in the market as part of its authorized share purchase program.
  • The acquisition brings the company's treasury shareholding to 162,597,978 ordinary shares.
  • The total number of ordinary shares in issue remains unchanged at 601,665,200.
  • Following the repurchase, the total number of voting rights in the company is now 439,067,222.
  • Shareholders may use the figure of 439,067,222 as the denominator for calculating their holding under the FCA's Disclosure Guidance and Transparency Rules.
  • The company has a maximum authority to buy back shares up to 69,602,221.
  • Frostrow Capital LLP serves as the company secretary for the company.

Statistics:

  • The company has purchased a total of 2,595,750 ordinary shares in the market.
  • The average price per share is 309.68 pence.
  • The total value of the acquisition is approximately £8,071,235.20 (based on 2,595,750 shares x £309.68).
  • The company now holds 162,597,978 ordinary shares in treasury.
  • The total number of ordinary shares in issue is 601,665,200.
  • The maximum authority to buy back shares is 69,602,221.
  • The total number of voting rights in the company is now 439,067,222.

Sources:

  • PR Newswire For immediate release 13 August 2025
  • Frostrow Capital LLP
  • FCA's Disclosure Guidance and Transparency Rules