RNS Number : 7463B
Dewhurst Group PLC
02 February 2024
 

Dewhurst Group PLC

 

("Dewhurst" or the "Company")

 

Share Buyback Programme

 

 

Dewhurst Group plc (AIM: DWHT) today announces that it is commencing a share buyback programme of up to £2.5 million (the "Share Buyback Programme") in order to return funds to shareholders.

 

The Share Buyback Programme will be for on market purchases of both ordinary shares of 10 pence each which carry voting rights ("Ordinary Shares") and 'A' non-voting ordinary shares of 10 pence each ("A Shares") in the Company (together, "Shares"). The Share Buyback Programme will take place within the limitations of the authority granted to the Board of Dewhurst at its Annual General Meeting, held on 14 February 2023, pursuant to which a maximum of 496,380 Ordinary Shares and 715,830 A Shares may be bought back by the Company at a price of not more than 105 per cent. of the average of the middle market quotations for such Ordinary Shares and A Shares for the ten dealing days immediately preceding the day of any purchase.

 

Any Ordinary Shares or A Shares purchased under the Share Buyback Programme will be held in treasury until cancelled.

 

The Share Buyback Programme commences today and ends no later than 31 March 2024, subject to the Board being re-granted the authority to buyback Shares at its Annual General Meeting to be held on 20 February 2024, or earlier if the maximum value of the Share Buyback Programme has been reached. The Company will re-confirm the existence and quantum of the Share Buyback Programme upon conclusion of its 2024 Annual General Meeting.

 

 

Contacts:

 

Dewhurst Group Plc

Tel: +44 (0)208 744 8200

Richard Dewhurst, Chairman

Jared Sinclair, Chief Financial Officer

www.dewhurst-group.com

 


 

Singer Capital Markets (Nominated Adviser and Sole Broker)

 

Tel: +44 (0)207 496 3000

Rick Thompson / Alex Bond / James Fischer


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSQKDBDNBKDBBK