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2 Sep 2025 07:30
RATHBONES GROUP PLC (the "Company")LEI: 213800MBTHM6UE8ZQP29
Launch of share buyback programme
The Company today announces that, further to its announcement on 30 July 2025, it is today launching a programme to purchase ordinary shares of 5 pence each in the Company ("Ordinary Shares"), up to a maximum consideration of £50 million (the "Programme").
The Company has entered into an irrevocable commitment with Merrill Lynch International ("MLI") to manage the Programme and to make trading decisions under the Programme independently of the Company. Under the Programme MLI will purchase Ordinary Shares as riskless principal for a maximum consideration of up to £50 million, and within certain defined parameters, for subsequent repurchase by the Company.
The Programme will take place within the limitations of the authority granted by shareholders to the Board of the Company at the Company's Annual General Meeting held on 8 May 2025 (the "AGM"). Details of the authority granted at the AGM can be found within the 2025 Notice of AGM, found on the Company's website.
Any purchase of Ordinary Shares will be conducted within the parameters (including price and volume conditions) prescribed by the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (as in force in the UK from time to time, including, where relevant, pursuant to the European Union (Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as applicable laws and the regulations of the Financial Conduct Authority (including Chapter 9 of the UK Listing Rules).
Purchases of Ordinary Shares as part of the Programme will take place in open market transactions and may be made from time to time depending on market conditions, share price, trading volume and other terms.
Any market repurchase of Ordinary Shares will be announced no later than 7:30 a.m. on the business day following the calendar day on which the repurchase occurred.
The Ordinary Shares purchased by the Company will be cancelled.
The purpose of the Programme is to reduce the Company's share capital. The Company confirms that it currently has no unpublished price sensitive information.
The Company will make further announcements in due course following the buyback of shares. Note there can be no guarantee that the Programme will be implemented in full.
Ali Johnson
Group Company Secretary
Email: CompanySecretariat@rathbones.com
Telephone - 07901 118456
2 September 2025
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