Centrica PLC Update on Share Buyback Extension
03 March 2025 - 6:01PM
RNS Regulatory News
RNS Number : 9832Y
Centrica PLC
03 March 2025
Centrica plc
3 March 2025
Update on Share Buyback Extension
In its
2024 Preliminary Results on 20 February 2025, the Company announced
a further £500 million extension of the Company's share buyback
programme, to be completed by around the end of 2025 (the
"2025 Extension"), taking
the total programme to £2.0bn.
In order
to facilitate the 2025 Extension, the non-discretionary agreement
that the Company entered into with Merrill Lynch International
("Merrill Lynch") to
conduct share repurchases on its behalf up to an aggregate
consideration of £270 million (the "2024-25 Extension"), which the Company
announced on 27 December 2024, has been amended so that the period
during which Merrill Lynch will conduct such repurchases will now
end no later than 13 June 2025 (instead of 26 September 2025 as
previously announced). The parameters of the 2024-25 Extension
otherwise remain as set out in the announcement on 27 December
2024.
The
Company further announces that, following the purchase of shares on
28 February 2025, Goldman Sachs International has concluded its
purchase of shares pursuant to the non-discretionary agreements
with the Company announced on 8 August 2024 and 27 December 2024.
Pursuant to these agreements, the Company has repurchased
181,529,791 ordinary shares in aggregate at an average execution
price of 126.70 pence per ordinary share for a total consideration
(excluding dealing and associated costs) of approximately
£229,999,334.
Enquiries:
Investors and Analysts
E: ir@centrica.com
Media
T: 01784 843000
E: media@centrica.com
END
Centrica
plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor,
Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal
Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN
number: GB00B033F229
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