Transaction in Own Shares

RNS Number : 3647S

Speedy Hire PLC

09 March 2023

 

Speedy Hire Plc

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

9 March 2023

Transaction in Own Shares and Completion of Share Buyback Programme

Speedy, the UK's leading provider of tools and equipment hire, and services to the construction, infrastructure and industrial markets, announces that, in accordance with the terms of its share buyback programme announced on 27 January 2022 as updated on 9 September 2022 (the "Share Buyback Programme"), the Company purchased the following number of its ordinary shares of 5 pence each ("Ordinary Shares") through Liberum Capital Limited ("Liberum").

Date of purchase:		8 March 2023
Aggregate number of ordinary shares of 5 pence each purchased:		495,457
Lowest price paid per share (GBp):		36.45
Highest price paid per share (GBp):		37.40
Volume weighted average price paid per share (GBp):		36.71

The purchase of Ordinary Shares referred to above concludes the Share Buyback Programme to purchase an aggregate value of up to £30,000,000 of the Company's Ordinary Shares in accordance with its terms. In total under the Share Buyback Programme, Speedy repurchased 67,713,058 Ordinary Shares in the Company, of which 55,146,281 are held in treasury and 12,566,777 have been cancelled. The total number of Ordinary Shares repurchased represents 12.8% of the Company's issued share capital on the day prior to the commencement of the Share Buyback Programme.

Following the settlement of the above transactions, the Company's total issued share capital will consist of 516,983,637 Ordinary Shares, of which 55,146,281 will be held in treasury. Therefore, the total voting rights in the Company will be 461,837,356. This figure for the total number of voting rights 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 UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Liberum as part of the Share Buyback Programme .

Aggregate information: 

Venue	Volume-weighted average price (pence per share)	Aggregated volume
XLON	36.71	486,432
CHIX	36.65	1,652
BATE	36.80	4,979
TRQX	36.55	2,394
AQXE	-	-

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Venue
3,142	37.40	08:01:41	XLON
3,083	37.20	08:09:35	XLON
7,877	37.20	08:09:35	XLON
2,882	36.95	08:11:37	XLON
2,823	36.80	08:16:01	XLON
4,770	36.70	12:39:16	XLON
443	36.70	12:39:16	XLON
18	36.70	12:39:16	XLON
3,098	36.70	12:46:58	XLON
100,000	36.70	12:47:13	XLON
100,000	36.70	12:47:24	XLON
2,827	36.65	12:47:30	XLON
123	36.65	12:47:30	XLON
2,462	36.90	14:39:21	XLON
3,654	36.80	14:39:21	BATE
1,325	36.80	14:39:21	BATE
1,652	36.65	14:39:21	CHIX
720	36.60	14:39:21	XLON
148	36.55	14:39:21	XLON
100,000	36.65	14:39:34	XLON
100,000	36.65	14:39:45	XLON
84	36.45	15:28:32	XLON
565	36.45	15:32:22	XLON
7,184	36.90	15:37:49	XLON
237	36.90	15:37:49	XLON
6,432	36.90	15:37:49	XLON
3,485	36.85	15:37:49	XLON
3,271	36.85	15:37:49	XLON
237	36.85	15:37:49	XLON
371	36.60	15:37:49	XLON
2,394	36.55	15:37:54	TRQX
1,288	36.75	15:38:49	XLON
1,532	36.75	15:38:49	XLON
1,066	36.75	15:38:52	XLON
3,276	36.75	15:39:00	XLON
1,233	36.75	15:45:08	XLON
1,755	36.75	15:45:08	XLON
10,000	36.80	16:11:53	XLON
10,000	36.80	16:12:02	XLON

 

END

 

 

POSJPMMTMTMMTFJ