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Frasers Group PLC
Transaction in Own Shares • Nov 7, 2023
4862_rns_2023-11-07_c32183dd-9933-45c4-a722-2cb32f7e0db2.html
Transaction in Own Shares
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National Storage Mechanism | Additional information 
RNS Number : 5403S
Frasers Group PLC
07 November 2023
Date: 7 November 2023
Frasers Group Plc
("Frasers Group" or the "Company")
Share Buyback Programme
The Company announces that it has entered into a non-discretionary arrangement with Barclays Bank PLC, acting through its investment bank ("Barclays") in respect of a new share buyback programme during the closed period of the Company from today's date for the period ending on the day the Company reports its half year results (expected to be 7 December 2023) (the "Programme").
The aggregate purchase price of all ordinary shares acquired under the Programme, together with any other shares purchased on the Company's behalf pursuant to its Programme, will be no greater than £80,000,000. The maximum number of shares that may be purchased under the Programme will be 10,000,000 ordinary shares. Any share purchases under the Programme will be made on the Company's behalf and in accordance with the arrangement and, shall be made independently of and uninfluenced by the Company.
The sole purpose of the Programme is to reduce the share capital of the Company.
The Programme will be conducted within certain pre-set parameters and the terms of the arrangement with Barclays, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2023 annual general meeting and Chapter 12 of the Listing Rules. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.
Ends.
| FRASERS GROUP PLC | |
| Robert Palmer, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 E. [email protected] |
| Chris Wootton, Chief Financial Officer | T. 0344 245 9200 E. [email protected] |
| Ronnie Laffar, Head of PR & Communications | T. 07585 886189 E. [email protected] |
| Andrew Kasoulis, Investor Relations Director | T. 07826 532191 E. [email protected] |
| Rosie Oddy, Brunswick Group, PR Advisors | T. 07734 861279 E. [email protected] |
| Barclays Bank PLC, Corporate Broker Nicola Tennent Stuart Muress |
T. 020 7623 2323 |
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