Frasers Group PLC Commencement of Share Buyback (4475C)
June 21 2021 - 1:10AM
UK Regulatory
TIDMFRAS
RNS Number : 4475C
Frasers Group PLC
21 June 2021
Date: 21 June 2021
FRASERS GROUP PLC ("Frasers Group " or "the Company")
SHARE BUYBACK PROGRAMME
The Company announces that it has instructed Liberum Capital
Limited in relation to an irrevocable, non-discretionary share
buyback programme to purchase the Company's shares during the
forthcoming closed period, which commences on 21 June 2021 and will
end on the day the Company reports its full year FY21 results (the
"Closed Period 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 Closed Period Programme is to reduce the
share capital of the Company.
The Closed Period 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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