EUROCELL PLC
("Eurocell" or the "Company")
Transaction in Own Shares & Completion of the Share Buyback Programme
Eurocell announces that it has purchased (through Berenberg acting as the Company's broker) the following number of its ordinary shares of 0.1p each on the London Stock Exchange.
| Date of purchase: | 13/02/2025 |
| Number of ordinary shares purchased (aggregated volume): | 7,861 |
| Highest price paid per share (pence): | 145.39 |
| Lowest price paid per share (pence): | 145.39 |
| Volume weighted average price paid per share (pence): | 145.39 |
Following the purchase/cancellation of these shares, the Company will have 1,342,000 shares held in treasury and the Company's issued share capital (excluding shares held as treasury shares) will consist of 101,402,305 shares.
The total number of voting rights in Eurocell is therefore 101,402,305. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest, or a change to their interest, in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Berenberg as part of the Share Buyback Programme.
Aggregate information:
| Venue | Volume-weighted average price (pence per share) | Aggregated volume |
| XLON | 145.39 | 7,861 |
Individual transactions:
| Number of shares purchased | Transaction price (pence per share) | Time of transaction | Venue |
| 7,861 | 145.39 | 16:22 | XLON |
Completion of the Share Buyback Programme
Following the above transaction, the Company has completed the £5 million share buyback programme extension (the "Buyback") launched on 04 September 2024.
Between 04 September 2024 and 13 February 2025, a total of 2,953,013 Ordinary Shares in the Company were repurchased on the London Stock Exchange at an average price of £1.69 per share. 700,000 of the shares purchased have been retained in treasury with the remaining 2,253,013 being purchased for cancellation.
As previously announced, we are committed to driving shareholder returns through a combination of a progressive ordinary dividend and supplementary distributions (currently via share buybacks) where appropriate, whilst always seeking to maintain a strong financial position. The Board regularly reviews the case for supplementary distributions in the context of our financial position, our capital allocation priorities and market conditions.
Enquiries:
Eurocell plc
Vicky Williams
Group Company Secretary
Tel: 01773 842100
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.