Launch of Share Buyback Programme
Celebrus Technologies plc has announced a share buyback programme of up to 1,000,000 ordinary shares, commencing today and concluding by 13 May 2026, with the intention to hold repurchased shares in treasury for employee share schemes. The programme will be managed by Cavendish, with trading decisions made independently of the company, and purchases will not exceed 105% of the average closing price over the preceding five business days. Due to potential significant proportions of daily trading volume, the company will not benefit from certain regulatory exemptions.
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Celebrus Technologies plc (AIM: CLBS, the "Group", "Celebrus"), the AIM-listed data solutions provider, announces that the Board has approved a share buyback programme of up to 1,000,000 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") (the "Buyback Programme").
The Company has instructed Cavendish to conduct the Buyback Programme on its behalf on a broker-managed basis, with trading decisions taken independently of the Company. The Buyback Programme commences today and ends no later than 13 May 2026, or earlier if the maximum number of Ordinary Shares has been reached.
The Buyback Programme will be conducted in accordance with the terms of the Company's authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 20 August 2025 (the "Authority"), including that the maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of any buyback.
The Company intends to hold all Ordinary Shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes.
Due to the limited liquidity in the issued Ordinary Shares, a buyback of Ordinary Shares pursuant to the Authority (or its successor) on any given trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and could exceed 25 per cent. of the average daily trading volume and, accordingly, the Company will not benefit from the exemption contained in Article 5(1) of Regulation (EU) No. 596/2014 as adopted into UK law by the European Union (Withdrawal) Act 2018.
| Enquiries Celebrus Technologies plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer | +44 (0) 1932 893333 investors@celebrus.com |
| Cavendish (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley / Elysia Bough, Corporate Finance Tim Redfern / Harriet Ward, Corporate Broking | +44 (0) 20 7220 0500 |
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