Pets At Home Group Plc Second Tranche of the Share Buy-Back Programme (9668U)
29 Novembre 2023 - 8:00AM
UK Regulatory
TIDMPETS
RNS Number : 9668U
Pets At Home Group Plc
29 November 2023
FOR IMMEDIATE RELEASE, 29 November 2023
Pets at Home Group Plc
Commencement of the Second Tranche of the Share Buy-Back
Programme
Following the commitment made in the preliminary announcement of
its results for the year ended 30 March 2023, Pets at Home Group
plc (the "Company") announced on 26 June 2023 the commencement of a
GBP50 million share buyback programme (the "Programme") and that
the Programme would be undertaken in two tranches.
In respect of the second tranche of the Programme, the Company
announces that it has entered into non-discretionary instructions
with HSBC Bank plc ("HSBC") to conduct a share buyback programme on
the Company's behalf and to make trading decisions independently of
the Company (the "Second Tranche Programme").
Under the terms of the engagement with HSBC, the Second Tranche
Programme will be for a maximum aggregate consideration of GBP25
million. The Second Tranche Programme will commence today, and will
end on or before 28 March 2024. As previously announced, the sole
purpose of the Programme is to reduce the Company's share capital.
The board of directors of the Company (the "Board") has decided
that the shares purchased pursuant to the Programme will be
cancelled.
The Programme will take place within the limitations of the
authority granted to the Board of the Company by shareholders at
its annual general meeting held on 6 July 2023, pursuant to which
the maximum number of shares to be bought back by the Company is
48,319,778. The Programme will be in accordance with the UK version
of the EU Market Abuse Regulation (596/2014) and the Commission
Delegated Regulation (2016/1052), which are incorporated into
English law by virtue of the European Union (Withdrawal) Act 2018,
and Chapter 12 of the Financial Conduct Authority's Listing
Rules.
LEI: 2138003Y9ULD24PD3J93
ENDS
Enquiries
Pets at Home Group Plc:
Lesley Lazenby, Company Secretary
+44 (0) 7866 156688
Investor Relations Enquiries
Andrew Porteous, Director of Investor Relations
+44 (0) 7740 361 849
Chris Ridgway, Head of Investor Relations
+44 (0)7788 783925
Media Enquiries
Pets at Home Group Plc:
Natalie Cullington, Head of Communications
+44 (0)7974 594 701
Citigate Dewe Rogerson:
Angharad Couch
+44 (0) 7507 643 004
About Pets At Home
Pets at Home Group Plc is the UK's leading pet care business,
providing pets and their owners with the very best advice, products
and care. Pet products are available online or from over 450 pet
care centres, many of which also have vet practices and grooming
salons. The Group also operates a leading small animal veterinary
business, with over 440 veterinary general practices located both
in our pet care centres and in standalone locations. For more
information visit: http://investors.petsathome.com/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSNKFBQOBDDKDB
(END) Dow Jones Newswires
November 29, 2023 02:00 ET (07:00 GMT)
Pets At Home (LSE:PETS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Pets At Home (LSE:PETS)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024