Transaction in Own Shares and Exercise of Options

Likewise Group PLC

02 September 2024

 

2 September 2024

Likewise Group plc

("Likewise", the "Company", or the "Group")

Transaction in Own Shares, Exercise of Share Options and TVR

Likewise Group plc (AIM: LIKE), the fast growing UK floor coverings distributor, announces that on 30 August 2024 it purchased 15,496 ordinary shares of £0.01 each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 16 July 2024, as follows (together the "Transaction"):                                                                   

Date of purchase	30 August 2024
Number of ordinary shares purchased	15,496
Highest price paid per ordinary share	19.2 pence
Lowest price paid per ordinary share	19.2 pence
Volume weighted average price paid per ordinary share	19.2 pence

The Company also announces that it has received notice from Roy Povey, former Chief Financial Officer of the Company, to exercise the share options owed to him pursuant to Company Enterprise Management Incentive Options Scheme, amounting to 900,000 ordinary shares of £0.01 each ("Ordinary Shares") at an exercise price of 10 pence each ("Exercise of EMI Options").

Application has been made for 900,000 Ordinary Shares to be admitted to trading on AIM ("Admission"), with dealings expected to commence at 8.00 a.m. on 6 September 2024.

Following the Transaction and Admission, the total issued share capital of the Company will be 246,583,480 with 326,352 Ordinary Shares held in treasury. The total voting rights in the Company will therefore be 246,257,128 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by the Company, which were all executed through the Company's broker, Zeus Capital Limited, are set out below:     

Schedule of Purchases:
Shares purchased:	Likewise Group plc (ISIN: GB00BHNWH003)
Date of purchases:	30 August 2024
Aggregate information:
Aggregated Volume	Volume-weighted average price (pence)	Venue
15,496	19.2	London Stock Exchange
Individual transactions:
Volume	Price	Time
15,496	19.2000 pence	13:05 UK

For further information, please contact:
Likewise Group plc Tony Brewer, Chief Executive	Tel: [phone]
Zeus (Nominated Adviser and Joint Broker) Jordan Warburton / David Foreman / James Edis (Investment Banking) Dominic King / Fraser Marshall (Corporate Broking)	Tel: [phone]
Ravenscroft (Joint Broker) Semelia Hamon (Corporate Finance)	Tel: [phone]

 

END