Shoe Zone (SHOE): Buyback programme

This situation live

£34m · 74.0p · +21% since the first step

Capital return

Buyback programme

proposed

Kindbuyback programme

Amount£3.47 million

Of market value11.7%

Since Oct 2023: 122 situations of this kind – paid out 64%, went quiet 36%; median share price +5% six months after they opened

OCT26 Next: Buyback period ends, or earlier if authority is exhausted in 1 day

Every step · 1

11 Aug 2026 proposed – The Company has today entered into an irrevocable and non-discretionary arrangement with its broker, Zeus Capital Limited to enable Zeus to conduct the... ↗

What is happening

Shoe Zone: Buyback programme – proposed. ['proposed']

In short: 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.
Announced: 11 Aug 2026 · announced
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

Buyback period ends, or earlier if authority is exhausted (26 Oct 2026).

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

Also at Shoe Zone 1 open