Share Buyback Programme

M. P. Evans Group PLC

26 May 2026

 

M.P. EVANS GROUP PLC

("Group" or "M.P. Evans")

Share buyback programme

The board of directors of M.P. Evans (the "Board") is pleased to announce that the Group is restarting share buybacks by commencing a new programme (the "Programme") with immediate effect.

The Programme will have a budget of up to £2 million to be used to buy back M.P. Evans' shares of 10 pence each ("Shares") in the market over the course of the period from the date of this announcement until the Company's Annual General Meeting, due to take place at 12:00 on Friday 12 June 2026. The Board will consider extending the Programme beyond the AGM, subject to continuing shareholder approval.

The Board believes the Group is well positioned, supported by strong operational cash generation and a robust balance sheet. This provides an opportunity to repurchase Shares at advantageous levels, as part of its overall approach to capital allocation, which will focus on long-term value creation for shareholders.

In order to implement the Programme, M.P. Evans has entered into an agreement with Cavendish Capital Markets Limited ("Cavendish") on the following basis:

·    Cavendish will manage the purchases on a discretionary basis, purchasing Shares within certain pre-set parameters and making its trading decisions independently of, and uninfluenced by, the Group. Purchases may therefore continue during any closed periods of the Group.

·    The Programme will operate under the authority granted to the Group by shareholders at the Group's most recent Annual General Meeting, held on 13 June 2025.

·    Any Shares purchased will be cancelled.

·    The Group has authorised the Programme to commence with immediate effect and will continue whilst it retains the authority from shareholders to repurchase Shares until 12 June 2026.

·    The Programme will be conducted in accordance with the safe harbour parameters as prescribed by MAR.

26 May 2026

Enquiries:

M.P. Evans Group PLC	Tel: [phone]
Peter Hadsley-Chaplin, chairman
Matthew Coulson, chief executive
Luke Shaw, chief financial officer
Cavendish Capital Markets (Nomad and joint broker)	Tel: [phone]
Matt Goode, George Lawson (Corporate finance)
Will Smith, Harriet Ward (ECM)
Canaccord Genuity Limited (Joint broker)	Tel: [phone]
Henry Fitzgerald-O'Connor, George Grainger
Alma Strategic Communications (Financial PR)	Tel:  [phone]
Rebecca Sanders-Hewett, Josh Royston, David Ison

 

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