Confirmation of capital reduction

Summary by AI BETAClose X

FirstGroup plc has announced that the Court of Session has confirmed its capital reduction, which was approved by shareholders on 30 July 2026. This capital reduction will generate £500,000,000 in distributable reserves, enhancing the Group's capacity for future dividends and share buybacks without altering the number or nominal value of its ordinary shares, or impacting its cash position and net assets. The reduction will become effective upon registration with the Registrar of Companies.

Disclaimer*

18 September 2026

FIRSTGROUP PLC

CONFIRMATION OF CAPITAL REDUCTION

FirstGroup plc (or the `Group') announces that the reduction of the Group's share premium account (the `Capital Reduction') approved by shareholders at the Group's Annual General Meeting held on 30 July 2026 (the `AGM') has today been confirmed by the Court of Session in Edinburgh, Scotland (the `Court').

The Capital Reduction will create additional distributable reserves of £500,000,000 for the Group, providing greater flexibility to support future dividends and share buybacks. The Capital Reduction will not affect the number of the Group's ordinary shares in issue or their nominal value, and the Capital Reduction itself does not impact the Group's cash position and net assets, nor will it require any repayment or distribution of capital by the Group.

Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Notice of AGM dated 26 June 2026.

The Court order will now be registered with the Registrar of Companies. Upon registration, the Capital Reduction will become effective.

 

Contacts at FirstGroup

Marianna Bowes, Head of Investor Relations

David Blizzard, Company Secretary

companysecretariat@firstgroup.co.uk

Tel: +44 (0) 20 7725 3354

 




Companies

FirstGroup (FGP)
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