Completion of Share Buyback Programme

RNS Number : 6666W

Grafton Group PLC

19 April 2023

 

Grafton Group plc

Completion of Share Buyback Programme

19 April 2023

Grafton Group plc ("the Company"), the international building materials distributor and DIY retailer, is pleased to announce that it has completed its share buyback programme that commenced on 10 November 2022.

Between 10 November 2022 and 18 April 2023, 10.89 million ordinary shares in the Company were repurchased on the London Stock Exchange for cancellation at an average price of £8.57 per share and a total cost of £93.3 million. This represented 4.8 per cent of the issued share capital of the Company (excluding treasury shares) when the programme commenced.

Completion of this buyback programme brings the total cash returned to shareholders between 9 May 2022 and 18 April 2023 to £193.3 million under the two buyback programmes that were completed within the limits of the authority to repurchase up to 10 per cent of the Company's ordinary shares in issue granted by shareholders at the Company's Annual General Meeting held on 28 April 2022.

For further information please contact:

Investors		Media
Grafton Group plc	[phone]	Murray	[phone]
Eric Born	Chief Executive Officer	Pat Walsh
David Arnold	Chief Financial Officer
		Buchanan Helen Tarbet Simon Compton	[phone]

 

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