Share Buyback Programme
Summary by AI BETAClose X
1 July 2026
Hollywood Bowl Group plc
("Hollywood Bowl", the "Company" or the "Group")
Share Buyback Programme
Further to the Company's half year announcement on 27 May 2026, Hollywood Bowl announces today that it has entered into non-discretionary agreements with Investec and Berenberg to purchase, in aggregate, up to £5 million (excluding any associated costs and stamp duty) of the Company's Ordinary Shares of 1 pence each (the "Shares") and to make trading decisions under the Share Buyback independently of the Company in accordance with certain pre-set parameters. The Share Buyback Programme will commence today and end no later than 30 September 2026.
The Share Buyback Programme reflects the Group's highly cash generative business model and strong balance sheet. In line with Group's capital allocation policy, the Board believes that a share buyback is an attractive way in which to return excess capital to shareholders while also continuing to invest in growing the business.
The purpose of the Share Buyback Programme is to reduce the share capital of the Company. As such, the Company will cancel any shares purchased.
This arrangement is in accordance with Chapter 9 of the UK Listing Rules and the Group's general authority to repurchase ordinary shares. The Share Buyback Programme will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014, the Commission Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018 and as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019) and with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. During any closed periods, the Company and its directors have no power to invoke any changes to the programme, and it will be executed at the sole discretion of Investec and Berenberg, as appropriate.
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Enquiries: |
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Hollywood Bowl Group PLC |
Via Headland |
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Stephen Burns, Chief Executive Officer |
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Antony Smith, Chief Financial Officer |
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Mat Hart, Group Business Development Director |
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Headland |
hollywoodbowl@headlandconsultancy.com |
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Rosh Field / Antonia Pollock |
+44 (0)20 3805 4822 |
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