Fuller, Smith & Turner PLC : Extension du programme de rachat d'actions
Fuller, Smith & Turner PLC (FSTA)
CETTE ANNONCE EST UNIQUEMENT À TITRE D'INFORMATION ET NE CONSTITUE PAS UNE OFFRE DE VENTE DE TITRES NI UNE OFFRE OU UNE INVITATION À ACHETER DES TITRES DANS QUELQUE JURIDICTION NI UNE SOLLICITATION DE VOTE OU D'APPROBATION.
Fuller, Smith & Turner PLC ("la Société") Extension du programme de rachat d'actions As announced on 21 March 2024, following the repurchase of 1 million ‘A’ ordinary shares of 40p each in the Company (“Ordinary Shares”) under an arrangement with Numis Securities Limited (the “Programme”) which commenced on 16 November 2023, the Company has decided to extend the Programme and repurchase up to a further 1 million Ordinary Shares. This is consistent with the Company’s capital allocation framework and reflects the Board’s view that the current share price continues to represent a significant discount to the Company’s underlying net asset value. The Programme is expected to enhance earnings per share. The share purchases will be made on the Company's behalf and in accordance with the arrangement and, in the case of any purchases made during closed periods and/or at any time when the Company has inside information, shall be made independently of and uninfluenced by the Company. Any purchase of Ordinary Shares effected pursuant to this Programme will be carried out on the London Stock Exchange and executed in accordance with, and subject to limits prescribed by, the Listing Rules and in accordance with the authorisation granted to the Board by shareholders at the Annual General Meeting of the Company held on 20 July 2023. Due to the limited liquidity in the issued Ordinary Shares, any buyback of Ordinary Shares pursuant to the authority on any trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on the London Stock Exchange and may exceed 25 per cent. of the average daily trading volume, being the limit laid down in Article 5(1) of Regulation (EU) No 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) dealing with buyback programmes and, accordingly, the Company will not benefit from the exemption contained in that Article. Any market purchase of Ordinary Shares under the Programme will be announced no later than 7:30 a.m. on the business day following the day on which the purchase occurred. Enquêtes Rachel Spencer 22 Mars 2024 Diffusion d'une annonce réglementaire, transmise par EQS Group. L'émetteur est seul responsable du contenu de cette annonce. |
ISIN: | GB00B1YPC344 |
Code de catégorie : | POS |
TIDM : | FSTA |
Code LEI : | 213800C7ACOFMRCQQW76 |
Catégories OAM : | 2.4. Acquisition ou cession des actions propres de l'émetteur |
N° de séquence : | 311254 |
Identifiant d'actualités EQS : | 1864795 |
Fin de l'annonce | Service d'actualités EQS |
Annonce réglementaire britannique transmise par EQS Group AG. L'émetteur est seul responsable du contenu de cette annonce.