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SPEEDY HIRE PLC

Transaction in Own Shares Mar 9, 2023

4720_rns_2023-03-09_34c24e03-1626-4b14-8855-43796f44389a.html

Transaction in Own Shares

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National Storage Mechanism | Additional information

RNS Number : 3647S

Speedy Hire PLC

09 March 2023

Speedy Hire Plc

("Speedy", "the Company" or "the Group")

9 March 2023

Transaction in Own Shares and Completion of Share Buyback Programme

Speedy, the UK's leading provider of tools and equipment hire, and services to the construction, infrastructure and industrial markets, announces that, in accordance with the terms of its share buyback programme announced on 27 January 2022 as updated on 9 September 2022 (the "Share Buyback Programme"), the Company purchased the following number of its ordinary shares of 5 pence each ("Ordinary Shares") through Liberum Capital Limited ("Liberum").

Date of purchase: 8 March 2023
Aggregate number of ordinary shares of 5 pence each purchased: 495,457
Lowest price paid per share (GBp): 36.45
Highest price paid per share (GBp): 37.40
Volume weighted average price paid per share (GBp): 36.71

The purchase of Ordinary Shares referred to above concludes the Share Buyback Programme to purchase an aggregate value of up to £30,000,000 of the Company's Ordinary Shares in accordance with its terms. In total under the Share Buyback Programme, Speedy repurchased 67,713,058 Ordinary Shares in the Company, of which 55,146,281 are held in treasury and 12,566,777 have been cancelled. The total number of Ordinary Shares repurchased represents 12.8% of the Company's issued share capital on the day prior to the commencement of the Share Buyback Programme.

Following the settlement of the above transactions, the Company's total issued share capital will consist of 516,983,637 Ordinary Shares, of which 55,146,281 will be held in treasury. Therefore, the total voting rights in the Company will be 461,837,356. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Liberum as part of the Share Buyback Programme.

Aggregate information: 

Venue Volume-weighted average price (pence per share) Aggregated volume
XLON 36.71 486,432
CHIX 36.65 1,652
BATE 36.80 4,979
TRQX 36.55 2,394
AQXE - -

Individual transactions:

Number of shares purchased Transaction price

(pence per share)
Time of transaction Venue
3,142 37.40 08:01:41 XLON
3,083 37.20 08:09:35 XLON
7,877 37.20 08:09:35 XLON
2,882 36.95 08:11:37 XLON
2,823 36.80 08:16:01 XLON
4,770 36.70 12:39:16 XLON
443 36.70 12:39:16 XLON
18 36.70 12:39:16 XLON
3,098 36.70 12:46:58 XLON
100,000 36.70 12:47:13 XLON
100,000 36.70 12:47:24 XLON
2,827 36.65 12:47:30 XLON
123 36.65 12:47:30 XLON
2,462 36.90 14:39:21 XLON
3,654 36.80 14:39:21 BATE
1,325 36.80 14:39:21 BATE
1,652 36.65 14:39:21 CHIX
720 36.60 14:39:21 XLON
148 36.55 14:39:21 XLON
100,000 36.65 14:39:34 XLON
100,000 36.65 14:39:45 XLON
84 36.45 15:28:32 XLON
565 36.45 15:32:22 XLON
7,184 36.90 15:37:49 XLON
237 36.90 15:37:49 XLON
6,432 36.90 15:37:49 XLON
3,485 36.85 15:37:49 XLON
3,271 36.85 15:37:49 XLON
237 36.85 15:37:49 XLON
371 36.60 15:37:49 XLON
2,394 36.55 15:37:54 TRQX
1,288 36.75 15:38:49 XLON
1,532 36.75 15:38:49 XLON
1,066 36.75 15:38:52 XLON
3,276 36.75 15:39:00 XLON
1,233 36.75 15:45:08 XLON
1,755 36.75 15:45:08 XLON
10,000 36.80 16:11:53 XLON
10,000 36.80 16:12:02 XLON

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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