Extension of Share Buyback Long Stop Expiry Date
Eagle Eye Solutions Group PLC has extended the long stop expiry date for its share buyback programme from February 28, 2026, to May 31, 2026, or until the remaining £0.36 million of the £1.0 million programme is deployed. Since its launch on July 15, 2025, the company has repurchased 233,000 ordinary shares for approximately £0.64 million. The programme, managed by Shore Capital Stockbrokers Limited, aims to acquire shares at a maximum price of 105% of the trailing five-day average mid-market price, with acquired shares to be held in treasury for future use in staff share schemes, thereby mitigating dilution.
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Eagle Eye, a leading SaaS and AI technology company that creates digital connections enabling personalised, real-time marketing at scale, announces an extension to the long stop expiry date of its existing share buyback programme (the "Buyback Programme").
On 15 July 2025, the Company announced the launch of the Buyback Programme for up to a maximum amount of £1.0 million. Since the commencement of the Share Buyback Programme, the Company has repurchased 233,000 ordinary shares of 1 pence each (the "Ordinary Shares") in aggregate for a total consideration of approximately £0.64 million (excluding dealing costs). Accordingly, approximately £0.36 million remains to be deployed under the Buyback Programme. In order to allow the existing Buyback Programme to continue to completion, the Board has resolved to extend the long stop expiry date for the Buyback Programme from 28 February 2026 until the earlier of: (i) the Buyback Programme having reached its £1.0 million maximum amount, and (ii) close of business on 31 May 2026 unless the Company and Shore Capital Stockbrokers Limited agree otherwise (in which event an announcement would be made).
The Company has instructed Shore Capital Stockbrokers Limited to conduct the remainder of the Buyback Programme on the Company's behalf on an irrevocable and non-discretionary basis. The Buyback Programme will be continue to be effected within certain pre-set parameters, including that the maximum price paid per Ordinary Share shall be no more than 105 per cent. of the trailing five-day average mid-market price, and in accordance with and under the terms of the general authority granted to the Board by the Company's shareholders at the Company's annual general meeting on 19 November 2025 (the "General Authority"). Ordinary Shares acquired under the Buyback Programme will continue to be held in treasury and are expected to be used, inter alia, to satisfy future obligations from Eagle Eye's staff share schemes, partially reducing future dilution.
All other terms of the Buyback Programme, as set out in the Buyback Programme launch announcement on 15 July 2025, remain unchanged. Any market purchase of Ordinary Shares will continue to be announced no later than 7:30 a.m. on the business day following the calendar day on which the purchase occurred.
Web - www.eagleeye.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.