Management of share buyback programme
Discretionary arrangement entered into for next £15m tranche of £130m share buyback programme.
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Vistry Group PLC (the "Group" or the "Company") refers to the announcement published on 12 September 2024, in which the Board of the Group confirmed the launch of a £130million share buyback programme (the "Programme"), in line with the Group's capital allocation policy.
The Company has entered into a discretionary arrangement with Peel Hunt LLP ("Peel Hunt") for the next tranche of the Programme. Peel Hunt will act as principal in relation to the purchase of Ordinary Shares of the Company up to an aggregate purchase price of £15million (excluding stamp duty and expenses). To the extent permitted, up to 500,000 Ordinary Shares purchased will be held in Treasury and all other Ordinary Shares purchased will be cancelled.
Further, the Company has issued an irrevocable instruction to Peel Hunt to manage the Programme, within pre-set parameters, during the closed period, ahead of the publication of the Group's Half Year Results, expected to be published on 10 September 2025.
For further details on the Programme, please refer to the announcement issued on 12 September 2024.
| For further information please contact: Vistry Group PLC Tim Lawlor, Chief Financial Officer Susie Bell, Group Investor Relations Director FTI Consulting Richard Mountain / Susanne Yule | 07469 287335 020 3727 1340 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.