Commencement of Share Buyback
Date: 21 June 2021
FRASERS GROUP PLC ("Frasers Group " or "the Company")
SHARE BUYBACK PROGRAMME
The Company announces that it has instructed Liberum Capital Limited in relation to an irrevocable, non-discretionary share buyback programme to purchase the Company's shares during the forthcoming closed period, which commences on 21 June 2021 and will end on the day the Company reports its full year FY21 results (the "Closed Period Programme").
The aggregate purchase price of all shares acquired under the Programme will be no greater than £60,000,000. The maximum number of shares that may be purchased under the Programme will be 10,000,000 ordinary shares.
The purpose of the Closed Period Programme is to reduce the share capital of the Company.
The Closed Period 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 2020 annual general meeting, Chapter 12 of the UK Listing Authority Listing Rules and 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.
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Frasers Group plc Thomas Piper, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 E. investor.relations@ frasers.group
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