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Convatec Group Plc commenced a non-discretionary share buyback programme on 4 August 2026, which will be conducted by Morgan Stanley & Co. International Plc. The programme aims to return up to $200 million to shareholders, encompassing up to 195,485,202 ordinary shares of 10 pence each. It is expected to conclude no later than 31 December 2026, with the stated purpose of reducing company capital or meeting employee share option obligations.
| Date | 4 Aug 2026 |
| Time | 07:05:00 |
| Category | Miscellaneous |
| ID | 0827P |
4 August 2026
Convatec Group Plc
("Convatec" or the "Company")
Convatec commences share buyback programme
London, UK, 4 August 2026: Convatec announces that, further to its announcement today of the Company's interim results for the six months ended 30 June 2026, the Company will today, commence a non-discretionary share buyback programme (the "Programme") to return up to $200 million of surplus capital to shareholders. The Programme is expected to end no later than 31 December 2026.
Convatec has entered into an agreement with Morgan Stanley & Co. International Plc ("Morgan Stanley") to conduct the Programme on its behalf and to make independent trading decisions within certain pre-set parameters.
Any purchases will be made in accordance with (i) the general authority of the Company to repurchase shares granted by shareholders at the Company's Annual General Meeting held on 21 May 2026; and (ii) Chapter 9 of the Financial Conduct Authority's UK Listing Rules. Up to 195,485,202 ordinary shares of 10 pence each in the Company (the "Shares") may be acquired as part of the Programme for a maximum aggregate consideration of $200 million. The purpose of the Programme is to reduce the capital of the Company or to meet obligations arising from employee share options. The Shares will be held in treasury pending such use or cancellation.
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Convatec Group Plc's LEI code is 213800LS272L4FIDOH92
About Convatec
Pioneering trusted medical solutions to improve the lives we touch: Convatec is a global medical products and technologies company, focused on solutions for the management of chronic conditions, with leading positions in Advanced Wound Care, Ostomy Care, Continence Care, and Infusion Care. With over 10,000 colleagues, we provide products and services in around 90 countries, united by a promise to be forever caring. Our solutions provide a range of benefits, from infection prevention, treatment for hard to heal wounds, at-risk skin and ulcerated tissue to supporting debilitating conditions, improved patient outcomes and reduced care costs. Convatec's revenues in 2025 were over $2 billion. The company is a constituent of the FTSE 100 Index (LSE:CTEC). To learn more please visit http://www.convatecgroup.com