Update on Share Buyback Programme

Summary by AI BETAClose X

Hill & Smith PLC has completed the first £50 million tranche of its £100 million share buyback programme, repurchasing and cancelling 2,141,741 ordinary shares. The company has now engaged Jefferies International Limited to execute the second tranche, also valued at up to £50 million. Additionally, Hill & Smith will utilize the FCA's updated notification deadline, allowing post-trade notifications of share purchases to be made up to seven daily market sessions after execution, with the programme's terms otherwise remaining unchanged.

Disclaimer*

Hill & Smith PLC
01 June 2026
 

1 June 2026

 

Hill & Smith PLC ('Hill & Smith' or the 'Company')

 

Update on Share Buyback Programme

 

Hill & Smith today confirms the completion by Deutsche Bank AG (trading for these purposes as Deutsche Numis) of the first c.£50 million tranche of the Company's £100m share buyback programme announced on 13 August 2025 ('Programme'). The Company has repurchased and cancelled 2,141,741 ordinary shares since the commencement of the Programme.

 

The Company has entered into an agreement with Jefferies International Limited to execute the second tranche of the Programme, with a maximum aggregate value of up to £50 million.

 

Additionally, the Company also announces that it intends to make use of the FCA's updated notification deadline under UKLR 9.6.6R, which permits post-trade notifications of purchases of own shares to be made no later than the end of the seventh daily market session following the date of execution.

 

The terms of the Programme remain unchanged other than as set out in this announcement.

 

For further information, please contact:

 

Karen Atterbury

Group Company Secretary                                                                  Tel:  +44 (0)121 704 7430

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.
 
END
 
 

Companies

Hill and Smith (HILS)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today