Share Buyback Programme

Summary by AI ^BETAClose X

Baltic Classifieds Group PLC is initiating a new share buyback programme, commencing after its existing programme reaches its authorised limit. The new programme, authorised by shareholders on 27 May 2026, allows for the purchase of up to 45,061,964 shares with an aggregate allocation of up to €180 million, intended to reduce share capital and return capital to shareholders through cancellation. This authority expires at the earlier of the Company's 2026 AGM or 27 August 2027, with potential renewal at the AGM.

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Baltic Classifieds Group PLC

01 June 2026

1 June 2026

Baltic Classifieds Group PLC

(the "Company" and "BCG")

Share buyback programme 2026

Baltic Classifieds Group PLC (LSE: BCG), the leading online classifieds group in the Baltics, announces that its existing share buyback programme (the "Existing Buyback Programme"), announced on 30 September 2022 and then extended on 24 April 2026, is expected to reach its authorised limit shortly.

Therefore, in order to be able to continue buying back its own shares, BCG is announcing its intention to initiate a new share buyback programme (the "New Buyback Programme"), which will commence following completion of the Existing Buyback Programme.

The New Buyback Programme will continue on an ongoing basis under the new authority granted by shareholders at the Company's General Meeting held on 27 May 2026. This authority expires at the earlier of the conclusion of the Company's 2026 AGM or the close of business on 27 August 2027. It is likely that the Company will seek to renew this authority at its 2026 AGM and may extend the duration of the New Buyback Programme.

Until such time as further authority is sought, the maximum number of shares that may be purchased as part of the New Buyback Programme shall not exceed 45,061,964 shares, being the authority granted to the Company at its General Meeting held on 27 May 2026. The aggregate amount allocated to the New Buyback Programme is up to €180 million. However, the actual number of shares purchased will depend on prevailing market conditions and the Company is not obliged to purchase any particular number of shares.

The purpose of the New Buyback Programme is to reduce the Company's share capital and to return capital to shareholders. It is intended that shares purchased under this programme will be immediately cancelled.

The New Buyback Programme will be conducted in accordance with the Company's general authority to repurchase shares, the UK Listing Rules and relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions.

Enquiries:

Company Secretary: E-mail: cosec@balticclassifieds.com

About Baltic Classifieds Group PLC

Baltic Classifieds Group PLC ("BCG") is the leading online classifieds group in the Baltics, which owns and operates fourteen leading vertical and generalist online classifieds portals in Lithuania, Estonia and Latvia. BCG's online classifieds portfolio comprises four business lines - auto, real estate, jobs & services and generalist. The Group listed on the London Stock Exchange in July 2021 and is a member of the FTSE 250 Index.

For more information, please visit https://balticclassifieds.com/

Baltic Classifieds Group PLC LEI: 213800I1RPHCFSSQS969

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