Frasers Group PLC Buyback Commencement & Anticipated Trading Update (3858P)
20 Junio 2022 - 01:00AM
UK Regulatory
TIDMFRAS
RNS Number : 3858P
Frasers Group PLC
20 June 2022
Date: 20 June 2022
Frasers Group Plc
("Frasers Group" or the "Company")
Share Buyback Commencement & Trading Update
The Company announces that it has instructed Numis Securities
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 20th June 2022 and
will end on the day that the Company publishes its unaudited
trading update (excluding Studio Retail Limited) (the "Closed
Period Programme"). Frasers Group will provide an unaudited trading
update excluding Studio Retail Limited on 21st July 2022. At
present, the full audited Company accounts including Studio Retail
Limited are anticipated to be provided in September.
Numis Securities Limited will conduct the Closed Period
Programme on the Company's behalf and make trading decisions under
the Closed Period Programme independently of the Company. The
maximum number of shares that may be purchased under the Closed
Period Programme will be 5,000,000 ordinary shares and the
aggregate purchase price of all shares acquired under the Closed
Period Programme will be no greater than GBP35,000,000.
The purpose of the Closed Period 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 2021
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
Chris Wootton, Chief Financial T. 0344 245 9200
Officer E. financial@frasers.group
Ronnie Laffar, Head of PR & T. 07585 886189
Communications E. fgpr@frasers.group
Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. frasersgroup@brunswick.com
Numis
Luke Bordewich T. 020 7260 1000
Ollie Steele
Duncan Wilson
Liberum
John Fishley T. 020 3100 2000
Kane Collins
Nikhil Varghese
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END
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