Frasers Group PLC Commencement of Share Buyback Programme (2599X)
May 04 2021 - 1:00AM
UK Regulatory
TIDMFRAS
RNS Number : 2599X
Frasers Group PLC
04 May 2021
Date: 4 May 2021
FRASERS GROUP PLC ("Frasers Group" or "the Company")
SHARE BUYBACK PROGRAMME
The Company announces that it intends to commence a new share
buyback programme from today's date for the period up to and
including the last trading day before the Company enters its closed
period (under art.11 of the Market Abuse Regulation (EU) No
596/2014 as retained in UK law) with respect to its financial year
ended 25th April 2021. (the "Programme")
The aggregate purchase price of all shares acquired under the
Programme will be no greater than GBP60,000,000. The maximum number
of shares that may be purchased under the Programme will be
10,000,000 ordinary shares.
The purpose of the Programme is to reduce the share capital of
the Company.
The Programme will be conducted within certain pre-set
parameters, and in accordance with the general authority to
repurchase shares granted by the Company's shareholders at the 2020
annual general meeting, Chapter 12 of the UK Listing Authority
Listing Rules and the provisions of the Market Abuse Regulation
596/2014/EU dealing with buyback programmes. The shares repurchased
by the Company will be held in treasury pending cancellation or
re-issue.
Ends.
Frasers Group plc
Thomas Piper, Company Secretary T. 0344 245 9200
LEI: 213800JEGHHEAXIJDX34 E. investor.relations@frasers.group
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