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Pin to quick picksRMG.L Regulatory News (RMG)

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Share Buyback Programme

18 Nov 2021 07:10

RNS Number : 7554S
Royal Mail PLC
18 November 2021
 

Royal Mail plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: RMG

ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

 

18 November 2021

 

SHARE BUYBACK PROGRAMME

 

Royal Mail plc ("Royal Mail") announces that it has today entered into a non-discretionary agreement with Merrill Lynch International ("MLI") in relation to the purchase by MLI, acting as riskless principal, of Royal Mail's ordinary shares of one penny each ("Ordinary Shares") for an aggregate purchase price of up to £200 million (the "Programme"). Ordinary Shares acquired by MLI under this agreement will be simultaneously on-sold by MLI to Royal Mail. This agreement will commence on 18 November 2021 and end no later than 19 July 2022. The purpose of the Programme is to reduce the share capital of Royal Mail.

 

MLI will make its trading decisions in relation to the company's securities independently of, and uninfluenced by, Royal Mail. Any repurchase of shares by Royal Mail contemplated by this announcement will be carried out on the London Stock Exchange and/or other trading venues.1

 

The Programme will be conducted within certain pre-set parameters and in accordance with Royal Mail's general authority to repurchase Ordinary Shares. The Programme will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 (as in force in the UK and as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019), the Commission Delegated Regulation (EU) 2016/1052 (as in force in the UK and as amended by the FCA's Technical Standards (Market Abuse Regulation) (EU Exit) Instrument 2019) and in accordance with Chapter 12 of the UK Listing Rules. 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. All Ordinary Shares repurchased will be cancelled.

 

[1] Includes Cboe BXE and Cboe CXE.

 

Enquiries:

 

Investor Relations John CrosseEmail: investorrelations@royalmail.com

 

Royal Mail investor relations line: 020 7449 8183

 

Media Relations

Helen Reynoldson

Phone: 07483 302 245

Email: helen.reynoldson@royalmail.com

 

Jenny Hall

Phone: 07776 993 036

Email: jenny.hall@royalmail.com

 

Royal Mail press office: press.office@royalmail.com

 

Company SecretaryMark AmsdenEmail: cosec@royalmail.com

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END
 
 
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15th Oct 200712:33 pmBUSStatement Re Rambler Media: Announcement by Prof-Media Following Rumours in Russian Press
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5th Oct 20077:00 amBUSStatement re Rambler Media Appoints Mikhail Efimov as General Manager of Its Online Display Advertising Agency Index20 and Agrees Strategic Partnership with Video International's Subsidiary IMHO
3rd Oct 200710:42 amBUSStatement re RAMBLER MEDIA APPOINTS ANNA ZNAMENSKAYA AS COMMERCIAL DIRECTOR
25th Sep 20077:00 amBUSHalf-yearly Report
19th Sep 200711:01 amBUSStatement re RAMBLER MEDIA 2007 HALF YEAR RESULTS CONFERENCE CALL
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27th Jul 200710:22 amBUSAGM Statement
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