Share buy-back programme
Summary by AI BETAClose X
St. James's Place plc
Share buy-back programme
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
Further to the announcement made on 29 July 2026, St. James's Place plc (the Company) announces that it is commencing a share buy-back programme to repurchase its ordinary shares, subject to a maximum consideration of £128.1 million (the Programme). The Programme will begin on 3 August 2026 and end no later than 16 October 2026. The sole purpose of the Programme is to reduce the capital of the Company.
The Programme will be carried out through an irrevocable non-discretionary agreement with Morgan Stanley & Co. International Plc (Morgan Stanley), pursuant to which Morgan Stanley shall purchase ordinary shares as riskless principal (and not as agent of the Company) for the subsequent sale on to, and purchase by, the Company in accordance with the Company's current buy-back authority granted by shareholders. Morgan Stanley will make its trading decisions in relation to the ordinary shares independently of, and uninfluenced by, the Company (including, for the avoidance of doubt, in the case of any purchases made during closed periods).
Any purchase of ordinary shares done in relation to this announcement will be carried out on the London Stock Exchange and Multilateral Trading Facilities, as defined by the Directive 2014/65/EU on markets in financial instruments (including the delegated and implementing acts adopted under it) as implemented, retained, amended, extended, re-enacted, or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter, and executed in accordance with the Listing Rules and the Company's general authority to make market purchases of its ordinary shares. The ordinary shares will be purchased in accordance with the price and volume conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter. The Company will announce any market repurchase of ordinary shares by no later than the end of the 7th daily market session following the date of execution of such purchase. To the extent permitted by law, ordinary shares purchased under the programme will be cancelled.
The maximum number of ordinary shares that may be repurchased under the Programme is 51,895,651, being the number of ordinary shares able to be repurchased under the current buy-back authority granted by shareholders, as reduced by the number of ordinary shares repurchased by the Company since the current authority was granted.
Enquiries:
|
Hugh Taylor, Director - Investor Relations |
Tel: 07818 075143 |
|
Angela Warburton, Director - Communications |
Tel: 07442 479542 |
|
Brunswick Group: |
Tel: 020 7404 5959 |
|
Eilis Murphy
|
Email: sjp@brunswickgroup.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.
Latest directors dealings
- 3 hours ago Oxford Nanopore Technologies
- 4 hours ago AVI Global Trust
- 4 hours ago LSL Property Services
- 4 hours ago Bluebird Merchant Ventures (DI)
- 4 hours ago Power Probe PLC