Grafton Group PLC Extension of Share Buyback Programme (1124W)
08 December 2023 - 6:00PM
UK Regulatory
TIDMGFTU
RNS Number : 1124W
Grafton Group PLC
08 December 2023
Grafton Group plc
Extension of Share Buyback Programme
Grafton Group plc (the "Company"), the international building
materials distributor and DIY retailer, is pleased to announce its
decision to extend its existing share buyback programme (the
"Programme"), originally due to expire on 31 January 2024, for a
further five months to 31 May 2024, and to increase the maximum
aggregate consideration for the Programme by a further GBP50
million (resulting in a total maximum aggregate consideration of
GBP100 million being allocated to the Programme).
The maximum number of shares which can be repurchased under the
Programme is 15,679,817, subject at all times to the applicable
authority granted by shareholders to repurchase the Company's
ordinary shares in issue (including, for the avoidance of doubt,
pursuant to any renewed authority granted by shareholders at the
2024 AGM of the Company). The purpose of the Programme is to reduce
the share capital of the Company in line with this
announcement.
The Programme will continue to be conducted within the
parameters prescribed by the Market Abuse Regulation 596/2014 and
the Commission Delegated Regulation (EU) 2016/1052 (also as in
force in the UK, from time to time, including, where relevant,
pursuant to the UK's European Union (Withdrawal) Act 2018 and the
Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as the
applicable laws and regulations of the UK Financial Conduct
Authority.
Save as set out herein, the Programme will otherwise operate
under the same terms as previously announced on 31 August 2023.
The Company will make further announcements in due course
following any buy back of Shares. There is no guarantee that the
Programme will be implemented in full or that any shares will be
bought back by the Company.
For further information please contact:
Investors Media
Grafton +353 1 216 Murrays +353 1 498 0300
Group plc 0600 Pat Walsh +353 (0) 87 226 9345
Eric Born Chief Executive
Officer
David Arnold Chief Financial Buchanan GraftonGroup@buchanancomms.co.uk
Officer Helen Tarbet +44 (0) 7872 604 453
Simon Compton +44 (0) 7979 497324
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END
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