Share repurchase programme
Summary by AI BETAClose X
25 February 2026
Associated British Foods plc
Associated British Foods plc share repurchase programme
Further to its announcement on 6 November 2025, Associated British Foods plc (the 'Company') announces that it has entered into a non-discretionary arrangement (the 'Engagement') with Barclays Capital Securities Limited ('Barclays') to execute the second tranche of its up to £250 million share buyback programme (the 'Programme').
The second tranche will be in the sum of up to £125 million and will commence on 25 February 2026. It is anticipated that the second tranche will end no earlier than 14 May 2026 and no later than 14 August 2026 (the 'Engagement Period').
Under this arrangement, Barclays will act as riskless principal and will make decisions independently from the Company under the Engagement. Barclays will carry out the arrangement through the acquisition of ordinary shares in the Company for subsequent repurchase by the Company. Purchases may continue during any closed period to which the Company is subject during the Engagement Period.
The sole purpose of the share buyback is to reduce the capital of the Company. All ordinary shares repurchased as part of this arrangement will be cancelled.
Share purchases will take place in open market transactions and be carried out on the London Stock Exchange and/or other recognised investment exchange(s) and may be made from time to time depending on market conditions, share price, trading volume and other factors.
Any purchases of ordinary shares by the Company in relation to this announcement will be effected within certain pre-set parameters and in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase ordinary shares granted by its shareholders at the Company's Annual General Meeting on 5 December 2025, the Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and the Financial Conduct Authority's UK Listing Rule 9.6.
Further enquiries:
Associated British Foods plc:
Tel: +44 20 7399 6545
Joana Edwards, Interim Finance Director
Lucinda Baker, Head of Investor Relations
Joe Carberry, Group Corporate Affairs Director
Citigate Dewe Rogerson:
Tel: +44 20 7638 9571
|
Claire de Groot |
Tel: +44 7767 254469 |
|
Jos Bieneman |
Tel: +44 7834 336650 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 hour ago Trekor Metals Limited
- 1 hour ago ECR Minerals
- 1 hour ago Zotefoams
- 15 hours ago Luceco
- 15 hours ago Helios Towers