Wickes Group PLC Share Buyback Programme
September 16 2024 - 1:34AM
RNS Regulatory News
RNS Number : 3001E
Wickes Group PLC
16 September 2024
Wickes Group Plc
Completion of second tranche
of Share Buyback Programme
On 19 March 2024, Wickes Group Plc
(the "Company") announced the commencement of the second tranche of
its £25 million share buyback programme (the "Programme")
previously announced on 28 July 2023. The Company is pleased to announce that it has completed the
second tranche of the Programme.
Between 19 March 2024 and 13 September
2024, 8,344,266 ordinary shares were repurchased for cancellation
at an average price of 149.8 pence per share and a total cost,
(excluding associated costs and stamp duty), of £12.5 million. This
represents approximately 3.2 per cent. of the issued share capital
when the buyback programme commenced.
Over the course of both tranches of
the Programme, 17,571,699 shares were repurchased for cancellation
at an average price of 142.3 pence per share. This represents
approximately 6.8 per cent. of the issued share capital when the
buyback programme commenced.
An update on future plans in relation
to the buyback programme will be provided with the release of the
Company's Full Year results in March 2025.
For further information please
contact:
Holly Grainger
Director of Investor
Relations
07341 680426
holly.grainger@wickes.co.uk
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