RNS Number : 9349H
Pets At Home Group Plc
14 October 2024
 


 

 

FOR IMMEDIATE RELEASE, 14 October 2024

 

Pets at Home Group Plc

Commencement of the Second Tranche of the Share Buy-Back Programme

 

Following the commitment made in the preliminary announcement of its results for the year ended 28 March 2024, Pets at Home Group plc (the "Company") announced on 24 June 2024 the commencement of a £25 million share buyback programme (the "Programme") and that the Programme would be undertaken in two tranches. 

In respect of the second tranche of the Programme, the Company announces that it has entered into non-discretionary instructions with HSBC Bank plc ("HSBC") to conduct a share buyback programme on the Company's behalf and to make trading decisions independently of the Company (the "Second Tranche Programme").

Under the terms of the engagement with HSBC, the Second Tranche Programme will be for a maximum aggregate consideration of £12.5 million. The Second Tranche Programme will commence today, and will end on or before 27 March 2025. As previously announced, the sole purpose of the Programme is to reduce the Company's share capital. The board of directors of the Company (the "Board") has decided that the shares purchased pursuant to the Programme will be cancelled.

The Programme will take place within the limitations of the authority granted to the Board of the Company by shareholders at its annual general meeting held on 11 July 2024, pursuant to which the maximum number of shares to be bought back by the Company is 46,791,154. The Programme will be in accordance with the UK version of the EU Market Abuse Regulation (596/2014) and the Commission Delegated Regulation (2016/1052), which are incorporated into English law by virtue of the European Union (Withdrawal) Act 2018, and Chapter 12 of the Financial Conduct Authority's Listing Rules.

 

LEI: 2138003Y9ULD24PD3J93

 

ENDS

 

Enquiries

 

Pets at Home Group Plc:


Lesley Lazenby, Company Secretary

+44 (0) 7866 156688

 


Investor Relations Enquiries

 

Andrew Porteous, Director of Investor Relations

+44 (0) 7740 361 849

 

Aaron Wood, Head of Investor Relations


+44 (0) 7702 083 154

 


 

Media Enquiries

Pets at Home Group Plc:

 

Natalie Cullington, Head of Communications


+44 (0)7974 594 701

 

Citigate Dewe Rogerson:

 

Angharad Couch

+44 (0) 7507 643 004


 

About Pets At Home

Pets at Home Group Plc is the UK's leading pet care business, providing pets and their owners with the very best advice, products and care. Pet products are available online or from over 450 pet care centres, many of which also have vet practices and grooming salons. The Group also operates a leading small animal veterinary business, with over 440 veterinary general practices located both in our pet care centres and in standalone locations. For more information visit: http://investors.petsathome.com/

 

 

 

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