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Hill & Smith PLC confirmed the completion of the first c.£50 million tranche of its £100m share buyback programme, announced on 13 August 2025, via Deutsche Bank AG (Deutsche Numis). The Company repurchased and cancelled 2,141,741 ordinary shares and has engaged Jefferies International Limited to execute the second tranche, with a maximum value of up to £50 million. Hill & Smith also stated its intention to use the FCA's updated notification deadline under UKLR 9.6.6R for post-trade share purchase notifications.
| Date | 1 Jun 2026 |
| Time | 07:00:11 |
| Category | Miscellaneous |
| ID | 3273G |
1 June 2026
Hill & Smith PLC ('Hill & Smith' or the 'Company')
Update on Share Buyback Programme
Hill & Smith today confirms the completion by Deutsche Bank AG (trading for these purposes as Deutsche Numis) of the first c.£50 million tranche of the Company's £100m share buyback programme announced on 13 August 2025 ('Programme'). The Company has repurchased and cancelled 2,141,741 ordinary shares since the commencement of the Programme.
The Company has entered into an agreement with Jefferies International Limited to execute the second tranche of the Programme, with a maximum aggregate value of up to £50 million.
Additionally, the Company also announces that it intends to make use of the FCA's updated notification deadline under UKLR 9.6.6R, which permits post-trade notifications of purchases of own shares to be made no later than the end of the seventh daily market session following the date of execution.
The terms of the Programme remain unchanged other than as set out in this announcement.
For further information, please contact:
Karen Atterbury
Group Company Secretary Tel: +44 (0)121 704 7430