In a move to further enhance shareholder value, the Company has announced the purchase of its own shares. On July 10, 2024, the Company acquired a total of 52,045 ordinary shares through Goldman Sachs International on the London Stock Exchange. This purchase was made in accordance with the authority granted by shareholders at the Company’s Annual General Meeting on May 3, 2024.
The Company intends to cancel the purchased shares, which will reduce the total number of outstanding ordinary shares. Following this transaction, the Company will have 161,387,225 ordinary shares in issue, excluding 7,006,782 held in treasury.
The purchase was executed based on instructions issued by the Company on February 20, 2024. The lowest price paid per share was £81.5200, while the highest price paid per share was £82.6200, with an average price of £82.2065.
This strategic move demonstrates the Company’s commitment to delivering value to its shareholders. By repurchasing its own shares, the Company aims to optimize its capital structure and signal confidence in its future prospects.
Investor Relations contact, Stuart Ford, can be reached at (+44 0)7823 828 739 or via email at [email protected] For media inquiries, please contact Mike Ward at (+44 0)7795 257 407.