Bridgepoint Regulatory News (BPT)

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

Bridgepoint Group plc("Bridgepoint" or the "Company")

Share Buyback Programme

2 June 2025

Bridgepoint today announces the reintroduction of a share buyback programme of up to £50 million (the "Buyback Programme"). The Buyback Programme will run from and including 2 June 2025 and is expected to be completed by 31 May 2026.

Bridgepoint's strategy and growth agenda, as outlined at the Capital Markets Day in October 2024, remains unchanged. However given ongoing market volatility there is a benefit in Bridgepoint reintroducing the flexibility to allocate some capital to repurchase its shares on an opportunistic basis.

Details of the Buyback Programme

Bridgepoint has appointed J.P. Morgan Securities plc ("JP Morgan Securities"), as riskless principal, in relation to the purchase of ordinary shares in Bridgepoint (the "Shares"). 

Such repurchases would take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volume. There is no certainty that any Share buybacks will be completed, or that the maximum amount of purchases under the Buyback Programme will occur. During any closed periods the Company and its Directors will not have any power to invoke any changes to the Buyback Programme.

These arrangements are in accordance with Bridgepoint's general authority to repurchase up to 82,393,098 Shares granted at its Annual General Meeting held on 15 May 2025 (the "2025 AGM"), Chapter 9 of the UK Listing Rules, and those provisions of Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018). The number of Shares to be purchased under the Buyback Programme will not exceed 82,393,098 Shares and is therefore within the 2025 AGM approved limit.

Details of the authority granted at the 2025 AGM can be found on our website at https://www.bridgepointgroupplc.com/shareholder-centre/annual-general-meeting.

The sole purpose of these Share purchases is to reduce the Company's share capital. Any Shares purchased pursuant to the Buyback Programme will be cancelled. 

ENQUIRIES

Bridgepoint

FGS Global (Public Relations Adviser to Bridgepoint)

James Murgatroyd / +44 20 7251 3801 / +44 7768 254 911

Anjali Unnikrishnan / +44 20 7251 3801 / +44 7826 534 233

bridgepoint-LON@fgsglobal.com   

Legal Entity Identifier (LEI): 213800KFNMVI8PDZX472