Share Buyback Programme

Frasers Group PLC

20 June 2023

 

Date: 20 June 2023

Frasers Group Plc

("Frasers Group" or the "Company")

Share Buyback Programme

The Company announces that it has instructed Liberum Capital Limited in relation to a non-discretionary share buyback programme ("Programme") to purchase the Company's shares with effect from today's date for the period up to and including the last trading day prior to the publication of the Company's preliminary results for the financial year ended 30 April 2023. This replaces the share buyback programme for the period from today up to and including the last trading day prior to the publication of the Company's preliminary results for the financial year ended 30 April 2023 announced by the Company on 30 May 2023.

The aggregate purchase price of all shares acquired under the Programme will be no greater than £70,000,000. The maximum number of shares that may be purchased under the Programme will be 10,000,000 ordinary shares.

The purpose of the Programme is to reduce the share capital of the Company.

The Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2022 Annual General Meeting and Chapter 12 of the Financial Conduct Authority Listing Rules. A buy-back of ordinary shares on any trading day shall not exceed the 25% of the average daily trading volume specified in the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.

Ends.

Frasers Group plc Robert Palmer, Company Secretary LEI: 213800JEGHHEAXIJDX34	T. 0344 245 9200 E. [e-mail]
Chris Wootton, Chief Financial Officer	T. 0344 245 9200 E. [e-mail]
Ronnie Laffar, Head of PR & Communications	T. 07585 886189 E. [e-mail]
Andrew Kasoulis, Head of Investor Relations	T. 0344 245 9200 E. [e-mail]
Barclays Bank PLC, acting through its Investment Bank
Nicola Tennent Stuart Muress	T. 020 7623 2323
Numis Luke Bordewich Stuart Ord Ollie Steele	T. 020 7260 1000
Liberum John Fishley Edward Thomas Kane Collings Nikhil Varghese	T. 020 3100 2000

 

END