BROOKS MACDONALD GROUP PLC

(the "Company")

Brooks Macdonald announces the commencement of a share buyback programme

Brooks Macdonald Group PLC ("Brooks Macdonald" or "the Company") announces that its Board of Directors has approved the commencement of a share buyback programme in respect of its shares having an aggregate value of up to £10 million (the "Buyback Programme").

The Buyback Programme will commence immediately and expire by no later than the announcement of the full year results for the year ending 30 June 2025 expected in September 2025. The shares will be purchased in the open market and cancelled to reduce the Company's share capital.

The Board considers that acquiring shares at prices which constitute a discount to the Company's longer-term valuation multiple and fail to reflect either the Company's strengths or future prospects, is consistent with the Company's disciplined approach to capital allocation. Brooks Macdonald continues to have considerable financial flexibility to drive the execution of its growth strategy.

The repurchase of shares under the Buyback Programme will be carried out in accordance with the Company's general authority to repurchase Ordinary Shares granted at its Annual General Meeting held on 24 October 2024 which received 99.99% approval from shareholders. The Company confirms that on any given trading day the number of shares purchased under the Buyback Programme will not exceed 15,000 shares.

The Company has entered into a non-discretionary agreement with Singer Capital Markets in relation to the Buyback Programme for the period commencing today, expiring on the announcement of the Company's interim results for the six months ended 31 December 2024 on 27 February 2025 (the "Period"). During the Period, Singer Capital Markets will make trading decisions in relation to the Buyback Programme independently of the Company in accordance with certain pre-set parameters set out in the agreement with Singer Capital Markets and will therefore have the ability to trade during close periods.

Enquiries:

Investors

Brooks Macdonald Group plc  

Andrea Montague, CEO

Katherine Jones, CFO

Alexander Holcroft, Interim Director of Investor Relations

Phone: +44 (0)7418 923 061

Email: [email protected]

Singer Capital Markets (Nominated Adviser and Joint Broker)

Charles Leigh-Pemberton / James Moat                 

+44 (0)20 7496 3000          

Investec Bank plc (Joint Broker)

Christopher Baird / David Anderson

+44 (0)20 7597 5970  

Teneo (Media Enquiries)                                   

Misha Bayliss                                                                 

+44 (0) 20 74275465

Oscar Burnett                                                                 

+44 (0) 20 74275435

Email: [email protected]

THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR"). THE EU MARKET ABUSE REGULATION ("EU MAR") CAME INTO EFFECT ON 3 JULY 2016 AND WAS ONSHORED INTO UK LAW ON 31 DECEMBER 2020 BY THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. CHANGES TO EU MAR WERE MADE BY THE MARKET ABUSE EXIT REGULATIONS 2019, TO MAKE SURE THAT THE ONSHORED LEGISLATION ("UK MAR") OPERATES EFFECTIVELY IN THE UK. THE EU TECHNICAL STANDARDS FOR EU MAR WERE ALSO ONSHORED INTO UK LAW ON 31 DECEMBER 2020 BY THE EU (WITHDRAWAL) ACT 2018 AND WERE AMENDED BY FCA 2019/45.

Notes to editors

About Brooks Macdonald

Brooks Macdonald Group plc is a leading provider of wealth management services in the UK.

Proudly serving clients since 1991 and trading on AIM since 2005, Brooks Macdonald is independent, financially strong, and aims to deliver strong and consistent investment performance for clients to meet their financial objectives. The company's broad and diverse product range means that clients get solutions made just for them and allows Brooks Macdonald to support clients throughout their entire lives as needs and circumstances change.  The company is recognised as an innovator in the industry having been amongst the first to develop and launch key products such as Managed Portfolio Service (MPS) and bespoke income solutions.

On 15 January, the Group announced its intention to move its listing from AIM to the Main Market of the London Stock Exchange, which is expected to occur in March 2025.

Realising Ambitions. Securing Futures. We are Brooks Macdonald.

Footnote

Forward-looking statements

This announcement may include statements, beliefs or opinions that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements contained in the announcement speak only as of their respective dates, reflect Brooks Macdonald's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Brooks Macdonald's business, results of operations, financial position, liquidity, prospects, growth and strategies.

Except as required by any applicable law or regulation, Brooks Macdonald expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements it may make whether as a result of new information, future developments or otherwise.

LEI: 213800WRDF8LB8MIEX37

www.brooksmacdonald.com / @BrooksMacdonald