Result of Share Buyback and TVR
Colefax Group PLC has completed a share buyback, acquiring 166,826 ordinary shares, representing 3.2% of its issued share capital, at £13.00 per share for a total of approximately £2.2 million. Following this buyback and cancellation, the company's issued ordinary share capital will be 5,058,732 shares, with the total number of voting rights also standing at 5,058,732. The transaction, which included the purchase of 100,000 shares from Jupiter Asset Management Limited, has been deemed fair and reasonable by the company's directors.
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Colefax is pleased to announce the final results of the share buyback to purchase ordinary shares of 10.0 pence each in the Company ("Ordinary Shares") via a reverse bookbuild (the "Buyback"), following the launch announcement on 28 May 2026 (the "Launch Announcement").
Pursuant to the Buyback, 166,826 Ordinary Shares, amounting to 3.2% of the issued share capital of the Company, will be acquired at a price of £13.00 per Ordinary Share (the "Buyback Price") for a total consideration of approximately £2.2 million by Peel Hunt LLP ("Peel Hunt"), acting as principal. Under the terms of the Repurchase Agreement (as defined in the Launch Announcement), Peel Hunt has a put option exercisable on 02 June 2026 (or at such later date agreed between Peel Hunt and the Company) to require the Company to purchase from Peel Hunt the Ordinary Shares purchased pursuant to the Buyback at the Buyback Price. The Ordinary Shares purchased by the Company pursuant to the exercise of the put option will be cancelled (the "Cancellation").
On completion of the Buyback and the Cancellation, the Company's issued ordinary share capital will be 5,058,732 Ordinary Shares and the total number of voting rights in the Company will be 5,058,732. This figure 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 Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
The Company purchasing 100,000 Ordinary Shares from Jupiter Asset Management Limited constitutes a related party transaction under Rule 13 of the AIM Rules, due to their status as Substantial Shareholders (as defined under the AIM Rules). In this context, the Directors of the Company confirm, having consulted with the Company's nominated adviser, Peel Hunt, that they consider that Colefax purchasing Ordinary Shares sold by Jupiter Asset Management Limited in the Buyback to be fair and reasonable insofar as its shareholders are concerned.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.