Transaction in Own Shares

RNS Number : 3647S
Speedy Hire PLC
09 March 2023
 

Speedy Hire Plc

("Speedy", "the Company" or "the Group")


9 March 2023


Transaction in Own Shares and Completion of Share Buyback Programme


Speedy, the UK's leading provider of tools and equipment hire, and services to the construction, infrastructure and industrial markets, announces that, in accordance with the terms of its share buyback programme announced on 27 January 2022 as updated on 9 September 2022 (the "Share Buyback Programme"), the Company purchased the following number of its ordinary shares of 5 pence each ("Ordinary Shares") through Liberum Capital Limited ("Liberum").


Date of purchase:


8 March 2023

Aggregate number of ordinary shares of 5 pence each purchased:


495,457

Lowest price paid per share (GBp):


36.45

Highest price paid per share (GBp):


37.40

Volume weighted average price paid per share (GBp):


36.71

 

The purchase of Ordinary Shares referred to above concludes the Share Buyback Programme to purchase an aggregate value of up to £30,000,000 of the Company's Ordinary Shares in accordance with its terms. In total under the Share Buyback Programme, Speedy repurchased 67,713,058 Ordinary Shares in the Company, of which 55,146,281 are held in treasury and 12,566,777 have been cancelled. The total number of Ordinary Shares repurchased represents 12.8% of the Company's issued share capital on the day prior to the commencement of the Share Buyback Programme.


Following the settlement of the above transactions, the Company's total issued share capital will consist of 516,983,637 Ordinary Shares, of which 55,146,281 will be held in treasury. Therefore, the total voting rights in the Company will be 461,837,356. This figure for the total number of voting rights 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.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Liberum as part of the Share Buyback Programme .


Aggregate information: 

  Venue

Volume-weighted average price (pence per share)

Aggregated volume

XLON

36.71

486,432

CHIX

36.65

1,652

BATE

36.80

4,979

TRQX

36.55

2,394

AQXE

-

-

 

Individual transactions:

Number of shares purchased

Transaction price
(pence per share)

Time of transaction

Venue

3,142

37.40

08:01:41

XLON

3,083

37.20

08:09:35

XLON

7,877

37.20

08:09:35

XLON

2,882

36.95

08:11:37

XLON

2,823

36.80

08:16:01

XLON

4,770

36.70

12:39:16

XLON

443

36.70

12:39:16

XLON

18

36.70

12:39:16

XLON

3,098

36.70

12:46:58

XLON

100,000

36.70

12:47:13

XLON

100,000

36.70

12:47:24

XLON

2,827

36.65

12:47:30

XLON

123

36.65

12:47:30

XLON

2,462

36.90

14:39:21

XLON

3,654

36.80

14:39:21

BATE

1,325

36.80

14:39:21

BATE

1,652

36.65

14:39:21

CHIX

720

36.60

14:39:21

XLON

148

36.55

14:39:21

XLON

100,000

36.65

14:39:34

XLON

100,000

36.65

14:39:45

XLON

84

36.45

15:28:32

XLON

565

36.45

15:32:22

XLON

7,184

36.90

15:37:49

XLON

237

36.90

15:37:49

XLON

6,432

36.90

15:37:49

XLON

3,485

36.85

15:37:49

XLON

3,271

36.85

15:37:49

XLON

237

36.85

15:37:49

XLON

371

36.60

15:37:49

XLON

2,394

36.55

15:37:54

TRQX

1,288

36.75

15:38:49

XLON

1,532

36.75

15:38:49

XLON

1,066

36.75

15:38:52

XLON

3,276

36.75

15:39:00

XLON

1,233

36.75

15:45:08

XLON

1,755

36.75

15:45:08

XLON

10,000

36.80

16:11:53

XLON

10,000

36.80

16:12:02

XLON

 

 

 

 

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