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Frasers Group PLC (FRAS)

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Monday 25 April, 2022

Frasers Group PLC

Share Buyback Commencement

RNS Number : 1191J
Frasers Group PLC
25 April 2022
 

Date: 25 April 2022

 

FRASERS GROUP PLC ("Frasers Group" or "the Company")

 

SHARE BUYBACK PROGRAMME

 

The Company announces that it intends to commence a new share buyback programme from today's date for the period up to and including the last trading day before the Company enters its closed period (under art.11 of the Market Abuse Regulation (EU) No 596/2014 as retained in UK law) with respect to its financial year ended 24th April 2022. (the "Programme")

 

 

The aggregate purchase price of all shares acquired under the Programme will be no greater than £70,000,000. The maximum number of shares that may be purchased under the Programme will be 10,000,000 ordinary shares.

 

The purpose of the Programme is to reduce the share capital of the Company.

 

The Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2021 annual general meeting and Chapter 12 of the Financial Conduct Authority Listing Rules. A buy-back of ordinary shares on any trading day may exceed the 25% of the average daily trading volume specified in the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.

 

Ends.

 

 

Frasers Group plc

 

Thomas Piper, Company Secretary

LEI:  213800JEGHHEAXIJDX34

 

 

T. 0344 245 9200

E.  [email protected]

 



 

Chris Wootton, Chief Financial Officer

T. 0344 245 9200

E.  [email protected]



 

Ronnie Laffar, Head of PR & Communications  

 

T. 07585886189

E.  [email protected]

 

 

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