Completion of £15 million Share Buyback Programme

RNS Number : 7471R

Headlam Group PLC

03 March 2023

 

3 March 2023

Headlam Group plc

('Headlam' or the 'Company')

Completion of £15 million Share Buyback Programme

Headlam (LSE: HEAD), the UK's leading floorcoverings distributor, is pleased to announce that it has now completed its Share Buyback Programme ('SBB') to repurchase ordinary shares of 5 pence each in the Company ('Ordinary Shares') to an aggregatetotal consideration of £15 million.

The SBB was enacted as a mechanism to return surplus capital to shareholders, with the Board believing that repurchasing the Company's Ordinary Shares at the current levels was one of the best uses of the Company's surplus capital.

Under the SBB, the Company has repurchased a total of 4,689,343 Ordinary Shares (all held in treasury), representing 5.48% of the Company's total issued share capital as at the date of this announcement.

As at the date of this announcement, the Company's total issued share capital consists of 85,639,209 Ordinary Shares, with one voting right per share. The Company holds   4,997,715 Ordinary  Shares in treasury.

Therefore, the total number of voting rights in the Company is   80,641,494 .   This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Headlam Group plc	Tel: [phone]
Chris Payne, Chief Executive	Email:  [e-mail]
Catherine Miles, Director of IR and ESG
Panmure Gordon (UK) Limited  (Corporate Broker)	Tel: [phone]
Tom Scrivens / Atholl Tweedie Peel Hunt LLP  (Corporate Broker)	Tel: [phone]
George Sellar / John Welch
Alma PR  (Financial PR)	Tel: [phone]
David Ison / Matthew Young	Email: [e-mail]

 

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