Shoe Zone
SHOE · AIM · Retail · mcap £35m · 74.0p 2 open situations →
Open · 2
Buyback programme
On 11 August 2026, alongside a trading update confirming guidance, Shoe Zone began a buyback of up to about £3.47m, run by broker Zeus under an irrevocable, non-discretionary mandate. Charles and Anthony Smith hold over 50% and are not selling. Purchases will be held in treasury, then cancelled periodically.
- Size
- Up to approximately £3.47 million aggregate consideration
- Broker
- Zeus Capital Limited, irrevocable non-discretionary, trading decisions independent of the Company
- Timetable
- Starts 11 August 2026; ends 26 October 2026 or earlier if authority exhausted
- Authority
- Shareholder authority granted 10 March 2026
- Treatment
- Shares initially held in treasury, then cancelled periodically
- Takeover Code
- Panel confirmed no Rule 9 mandatory offer if Smiths' stakes pass 30% through buyback
Next: Buyback period ends, or earlier if authority is exhausted · 26 Oct 2026
- 11 Aug 2026 announced
Subdued consumer demand and UK Budget
Guidance for FY26 was cut twice (January, April) to a £1.0m-£2.0m adjusted loss, then narrowed on 16 July to a loss of no more than £1.0m. The 11 August update confirms that guidance after positive July trading, with cash of about £7.0m ahead of original budget.
- Guidance
- Adjusted loss before tax no greater than £1.0m, year ending 3 October 2026
- Previous guidance
- Adjusted loss of £1.0m-£2.0m, announced 22 April 2026
- Cash
- approximately £7.0m at 25 July 2026, ahead of original budget
- Trading
- positive throughout July
Next: Full-year results for year ending 3 October 2026
- 11 Aug 2026 Guidance of loss of no more than £1.0m maintained
- 16 Jul 2026 FY26 loss guidance narrowed to no more than £1.0m
- 11 May 2026 Guidance confirmed; H2 hit by fuel, sterling
- 22 Apr 2026 FY26 guidance cut to adjusted loss
Closed · 1
Company filings. Not investment advice.