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The Character Group plc announced on 3 April 2024 an increase to its share buyback programme by an additional £1.0 million, raising the maximum consideration to £2.0 million. Since launching the initial £1.0 million programme on 6 February 2024, the company has repurchased and cancelled 365,770 Ordinary Shares for £964,059.49 at a volume weighted average price of 264 pence per share.
| Date | 3 Apr 2024 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 0561J |
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The Company confirms that it currently has no other unpublished price sensitive information at the time of this announcement.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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