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8 Jul 2025 07:15
8 July 2025
Begbies Traynor Group plc
Launch of Share Buyback Programme
Begbies Traynor Group plc (the "Company" or the "Group"), today announces that it is commencing a share buyback programme of up to 1.0 million ordinary shares of 5 pence each ("Ordinary Shares"), from the date of this announcement (the "Share Buyback Programme").
The purpose of the Share Buyback Programme is to mitigate future dilution arising from anticipated exercise of certain share options by staff alongside satisfaction of certain deferred consideration obligations. The Share Buyback Programme will be financed from the Group's existing resources, whilst retaining sufficient funds for further accretive acquisitions and organic investments. The Board believes this is a good use of the Group's financial resources and reflects their confidence in the Group's cash generation capabilities, strong balance sheet and long-term prospects, as well as providing the opportunity to take advantage of prevailing market conditions to repurchase shares at favourable levels.
The Share Buyback Programme will be for on market purchases of Ordinary Shares in the Company in accordance with certain pre-set parameters. The share buyback will take place within the limitations of the authority granted at the 2024 Annual General Meeting (the "2024 General Authority")
The Company has entered into arrangements with Canaccord Genuity Limited ("Canaccord") to conduct the Share Buyback Programme on its behalf on a broker-managed basis in relation to the purchase of Ordinary Shares of the Company during the period commencing 8 July 2025 and 8 September 2025. Canaccord will make its trading decisions concerning the timing of the purchases of Ordinary Shares under the Share Buyback Programme independently of, and uninfluenced by, the Company. The repurchased shares will be held in treasury.
The Share Buyback Programme will be conducted within certain pre-set parameters, and in accordance with the General Authority and the provisions of the Market Abuse Regulation 596/2014/EU as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019 and the Commission Delegated Regulation 2016/1052/EU as amended by Technical Standards (Market Abuse Regulation) (EU Exit) Instrument 2019 which both form part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.
As at the date of this announcement, the Company's total issued share capital consisted of 159,730,566 Ordinary Shares, with one voting right per share. The Company holds no Ordinary Shares as treasury shares, therefore the total number of voting rights in the Company was 159,730,566.
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
Ric Traynor - Executive Chairman
Nick Taylor - Group Finance Director
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Adam James / Harry Pardoe
Shore Capital (Joint Broker) 020 7408 4090
Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas
MHP 020 3128 8100
Reg Hoare / Katie Hunt / Charles Hirst begbies@mhpgroup.com
Information on Begbies Traynor Group can be accessed via the group's website at ir.begbies-traynorgroup.com
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