Completion of Buyback Programme
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On 8 June 2023, FirstGroup announced an on-market share buyback programme to purchase up to £115m of ordinary shares (the “£115m Programme”). The £115m Programme commenced on 3 August 2023, immediately following the completion of a previous buyback programme of £75m.
The Group confirms that, having repurchased 71,200,278 shares for a total consideration of £114,999,815 the £115m Programme is now complete.
Combined, the buyback programmes ran from 20 December 2022 until 2 August 2024, during which time the Group acquired 135,069,064 shares at an average price of about 140.67 pence per share.
The Group’s strong balance sheet and cash generative businesses provide considerable capacity to continue to invest in decarbonisation, grow and diversify our portfolio, maintain the Group’s progressive dividend policy and for potential further capital returns to shareholders, which continue to be kept under review by the Board.
| Contacts at FirstGroup: David Blizzard, Company Secretary Marianna Bowes, Head of Investor Relations Tel: +44 (0) 20 7725 3354 | Contacts at Brunswick PR: Andrew Porter / Simone Selzer Tel: +44 (0) 20 7404 5959 |
| Contacts at Panmure Liberum: Nicholas How / John Fishley Tel: +44 (0) 20 3100 2000 | Contacts at RBC Europe Limited: James Agnew / Jack Wood Tel: +44 (0) 20 7653 4000 |
Notes
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