Notification of Share Buyback Programme
Wickes Group Plc has announced the commencement of its third share buyback programme, the 2026 Programme, which will run from April 7, 2026, until December 31, 2026. The company plans to repurchase ordinary shares up to a maximum aggregate market value of £10,000,000, excluding associated costs and stamp duty, with the intention of cancelling these shares to reduce the company's share capital. The programme will operate within the existing authority granted by the AGM, with an update to reflect the 2026 AGM's authority to be provided.
Select text to share a quote on X · sign in to keep highlights & notes in your WIX notes
Pursuant to the release of its Full Year results on 17 March 2026, Wickes is pleased to announce the commencement of a third share buyback programme (the "2026 Programme").
The 2026 programme will be for a maximum aggregate market value equivalent to £10,000,000 (excluding any associated costs and stamp duty) which will be bought back in the form of the Company's ordinary shares.
The 2026 Programme will commence on 7 April 2026 and will end on or before 31 December 2026. The sole purpose of the 2026 Programme is to reduce the Company's share capital. The Company intends to cancel any shares purchased.
The Company has entered into non-discretionary instructions with Investec Bank plc ("Investec") to conduct the 2026 Programme. Investec will act as principal and make trading decisions independently of the Company.
The 2026 Programme will take place within the limitations of the authority granted to the Board of the Company by its relevant annual general meeting (the "AGM") which at the date of this announcement is 16,502,960 ordinary shares. The maximum aggregate number of shares to be purchased will be updated to reflect the authority granted to the Board at the 2026 AGM to be held on 19 May 2026.
The 2026 Programme will take place in accordance with the Market Abuse Regulation (596/2014) as it forms part of domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (as amended) and the Financial Conduct Authority's Listing Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.