Wednesday, 3 April 2024
The Character Group
plc
("Character" or the "Company")
Extension
of and increase to Share Buyback Programme
On 6 February 2024, Character (AIM:
CCT) announced a £1.0 million share buyback
programme as part of its strategy to reduce
the Company's share capital. Since the commencement of the Share
Buyback Programme, the Company has repurchased for cancellation
365,770 Ordinary Shares in aggregate at a volume weighted average
price of 264 pence per Ordinary Share for a total consideration of
£964,059.49.
Character today announces that,
further to the Company's announcement on 6 February 2024, the Board
has resolved to increase the Share Buyback Programme by up to an
additional £1.0 million, to a maximum consideration of £2.0
million. All other terms of the Share Buyback Programme as set out
in the announcement on 6 February 2024 remain unchanged.
The Company will continue to make
regulatory announcements in respect of its repurchases of Ordinary
Shares, as required by UK MAR and the AIM Rules.
The Company confirms that it
currently has no other unpublished price sensitive information at
the time of this announcement.
As at 2 April 2024, the Company's
total issued share capital consisted of 19,000,000 Ordinary Shares
(excluding treasury shares) and 2,100,159 shares held in treasury.
Therefore, the total number of voting rights in the Company was
19,000,000.
The Company has an unutilised
capacity to buy back up to a further 2,524,230 Ordinary Shares
under the authority granted at the Annual General Meeting on 19
January 2024.
All capitalised terms in this
announcement shall have the same meaning as defined in the
Company's announcement on 6 February 2024 unless the context
provides otherwise.
The
Character Group plc
FTSE sector: leisure
goods
FTSE AIM All-share: symbol: CCT
Market cap: £ 50
million
Email:
info@charactergroup.plc.uk
Group website:
www.thecharacter.com
Product ranges can also be viewed
at www.character-online.co.uk
CHARACTER GROUP PLC CCT Stock | London Stock
Exchange
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Enquiries to:
The
Character Group plc
Jon Diver, Joint Managing
Director
Kiran Shah, Joint Managing Director
& Group Finance Director
Office: +44 (0) 208 329
3377
Mobile: +44 (0) 7831 802219
(JD)
Mobile: +44 (0) 7956 278522
(KS)
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Panmure Gordon (Nominated Adviser and Joint
Broker)
Atholl Tweedie / Daphne Zhang,
Investment Banking
Rupert Dearden / Rauf Munir,
Corporate Broking
Tel: +44 (0) 20 7886
2500
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Allenby Capital Limited (Joint
Broker)
Nick Athanas, Corporate
Finance
Amrit Nahal / Tony Quirke, Sales
& Corporate Broking
Tel: +44 (0) 20 3328
5656
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TooleyStreet Communications Limited (Investor and media
relations)
Fiona Tooley
Tel: +44 (0) 7785
703523
Email: fiona@tooleystreet.com
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