2 September 2024
Likewise Group plc
("Likewise", the "Company", or the "Group")
Transaction in Own Shares, Exercise of Share Options and TVR
Likewise Group plc (AIM: LIKE), the fast growing UK floor coverings distributor, announces that on 30 August 2024 it purchased 15,496 ordinary shares of £0.01 each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 16 July 2024, as follows (together the "Transaction"):
| Date of purchase | 30 August 2024 |
| Number of ordinary shares purchased | 15,496 |
| Highest price paid per ordinary share | 19.2 pence |
| Lowest price paid per ordinary share | 19.2 pence |
| Volume weighted average price paid per ordinary share | 19.2 pence |
The Company also announces that it has received notice from Roy Povey, former Chief Financial Officer of the Company, to exercise the share options owed to him pursuant to Company Enterprise Management Incentive Options Scheme, amounting to 900,000 ordinary shares of £0.01 each ("Ordinary Shares") at an exercise price of 10 pence each ("Exercise of EMI Options").
Application has been made for 900,000 Ordinary Shares to be admitted to trading on AIM ("Admission"), with dealings expected to commence at 8.00 a.m. on 6 September 2024.
Following the Transaction and Admission, the total issued share capital of the Company will be 246,583,480 with 326,352 Ordinary Shares held in treasury. The total voting rights in the Company will therefore be 246,257,128 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by the Company, which were all executed through the Company's broker, Zeus Capital Limited, are set out below:
| Schedule of Purchases: |
| |
| Shares purchased: | Likewise Group plc (ISIN: GB00BHNWH003) | |
| Date of purchases: | 30 August 2024 | |
| | | |
| Aggregate information: |
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| | | |
| Aggregated Volume | Volume-weighted | Venue |
| 15,496 | 19.2 | London Stock Exchange |
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| Individual transactions: |
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| | | |
| Volume | Price | Time |
| 15,496 | 19.2000 pence | 13:05 UK |
| For further information, please contact: | |
| Likewise Group plc Tony Brewer, Chief Executive | Tel: +44 (0) 121 817 2900 |
| Zeus (Nominated Adviser and Joint Broker) Jordan Warburton / David Foreman / James Edis (Investment Banking) Dominic King / Fraser Marshall (Corporate Broking) | Tel: +44 (0) 20 3829 5000 |
| Ravenscroft (Joint Broker) Semelia Hamon (Corporate Finance) | Tel: +44 (0) 1481 732 746 |
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