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Investegate |Foxtons Group PLC Announcements | Foxtons Group PLC: £3m Share Buyback Programme


£3m SHARE BUYBACK PROGRAMME
Thursday 29 July 2021
As announced in the interim results published today, the Board of Foxtons Group plc (LSE: FOXT) confirms the launch of a £3 million share buyback in line with the Company s policy of returning excess cash to shareholders. The proposed share buyback will be funded from accumulated cash resources.
The Company has appointed its broker Numis Securities Limited ( Numis ) to manage the share buyback programme to repurchase Ordinary Shares on its behalf, up to a maximum aggregate consideration of £3m and subject to certain other set parameters.
The buyback programme is in accordance with Foxtons general authority to purchase Ordinary Shares granted by its shareholders at the Annual General Meeting held on 22 April 2021. The share buyback programme will also be effected within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (as ....

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