Extension of Share Buyback Programme

Macfarlane Group PLC

12 May 2026

 

12 May 2026

Macfarlane Group PLC

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

Extension of share buyback programme

Macfarlane Group PLC announces an extension to the long stop expiry date of its existing share buyback programme (the "Programme").

On 25 May 2025, the Company announced the launch of the Programme for up to a maximum amount of £4 million. Since the commencement of the Programme, the Company has repurchased 3,424,509 ordinary shares of 25 pence each (the "Ordinary Shares") in aggregate for total consideration of approximately £2.8 million. Accordingly, approximately £1.2 million remains to be deployed under the Programme. In order to allow the existing Programme to continue to completion, the Board has resolved to extend the long stop expiry date for the Programme from 29 May 2026 until the earlier of: (i) the Programme having reached its £4 million maximum amount, or (ii) close of business on 31 December 2026, unless the Company and Shore Capital Stockbrokers Limited agree otherwise (in which event an announcement would be made).

The Company has instructed Shore Capital Stockbrokers Limited to conduct the remainder of the Programme on the Company's behalf on an irrevocable and non-discretionary basis. The Programme will continue to be effected within pre-set parameters, including that the maximum price paid per Ordinary Share shall be no more than 105 per cent. of the trailing five-day average mid-market price, and in accordance with and under the terms of the general authority granted to the Board by the Company's shareholders at the Company's annual general meeting on 12 May 2026 (the "General Authority"). Ordinary Shares acquired under the Programme will continue to be cancelled which will reduce the share capital of the Company.

Any purchases of Ordinary Shares by the Company in relation to the Programme will continue to be conducted in accordance with the General Authority and, insofar as is possible, in accordance with the safe harbour parameters of the Market Abuse Regulation (Regulation (EU) No 596/2014) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by virtue of the UK's European Union (Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU Exit) Regulations 2019)('MAR') as well as the applicable laws and regulations of the Financial Conduct Authority.

All other terms of the Programme, as set out in the Programme launch announcement on 15 May 2025, remain unchanged. Any purchase of Ordinary Shares by the Company will be notified through an RIS announcement in accordance with the UK Listing Rules.

Further enquiries:	Macfarlane Group	Tel: [phone]
	Peter Atkinson                  Chief Executive
	Ivor Gray                             Finance Director
	Spreng Thomson
	Callum Spreng	Mob: [phone]

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

Notes to Editors:

·    Macfarlane Group PLC has been listed on the Main Market of the London Stock Exchange (LSE: MACF) since 1973 with over 75 years' experience in the UK packaging industry.

·    Through its two divisions, Macfarlane Group services a broad range of business customers, supplying them with high quality protective packaging products which help customers reduce supply chain costs, improve operational efficiencies and sustainability and enhance their brand presentation. The divisions are:

o Packaging Distribution - Macfarlane Packaging Distribution is the leading UK distributor of a comprehensive range of protective packaging products; and

o Manufacturing Operations - Macfarlane Design and Manufacture is a UK market leader in the design and production of protective packaging for high value and fragile products.

·    Headquartered in Glasgow, Scotland, Macfarlane Group employs over 1,200 people at 42 sites, principally in the UK, as well as in Ireland, Germany and the Netherlands.

·    Macfarlane Group supplies more than 20,000 customers, principally in the UK and Europe.

·    In partnership with over 2,000 suppliers, Macfarlane Group distributes and manufactures to a wide range of sectors, including: logistics; electronics; defence; medical; automotive; aerospace; retail e-commerce; and food.

 

END