Share Buyback Programme
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On 19 March 2024, Wickes Group Plc (the "Company") announced the commencement of the second tranche of its £25 million share buyback programme (the "Programme") previously announced on 28 July 2023. The Company is pleased to announce that it has completed the second tranche of the Programme.
Between 19 March 2024 and 13 September 2024, 8,344,266 ordinary shares were repurchased for cancellation at an average price of 149.8 pence per share and a total cost, (excluding associated costs and stamp duty), of £12.5 million. This represents approximately 3.2 per cent. of the issued share capital when the buyback programme commenced.
Over the course of both tranches of the Programme, 17,571,699 shares were repurchased for cancellation at an average price of 142.3 pence per share. This represents approximately 6.8 per cent. of the issued share capital when the buyback programme commenced.
An update on future plans in relation to the buyback programme will be provided with the release of the Company's Full Year results in March 2025.
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