Fuller, Smith & Turner P.L.C. commences an Equity Buyback Plan for 3,883,397 shares, representing 2.83% of its issued share capital, under the authorization approved on July 20, 2023.
July 24, 2023 at 01:04 pm EDT
Share
Fuller, Smith & Turner P.L.C. (LSE:FSTA) commences share repurchases on July 24, 2023, under the program mandated by the shareholders in the Annual General Meeting held on July 20, 2023. As per the mandate, the company is authorized to repurchase up to 3,883,397 A ordinary shares, representing 2.83% of its issued share capital. The minimum price that may be paid for each A ordinary share is £0.40. The maximum price (excluding expenses) which may be paid for each A ordinary share is 5% over the average middle market price based on the London Stock Exchange Daily Official List for the five business days immediately preceding the purchase. The A ordinary shares purchased under this authority may be held as treasury shares to be used in connection with, among other purposes, the company?s Long Term Incentive Plan and/or other share option schemes. The authority will expire on the earlier of the date of the next Annual General Meeting and October 19, 2024. As of July 20, 2023, the company had 137,026,243 shares in issue and 6,574,734 treasury shares.
On July 21, 2023, the company initiated a Market Repurchase. Under the program, the company has entered into an arrangement with Numis Securities Limited to repurchase up to 1,000,000 ?A? ordinary shares.
Fuller, Smith & Turner PLC is a United Kingdom-based premium pubs and hotels business. The Company provides food and a range of drinks, bedrooms, and engaging services. It operates through two segments: Managed Pubs and Hotels, and Tenanted Inns. Its Managed Pubs and Hotels include Cotswold Inns & Hotels operates approximately seven hotels in the Cotswolds, and Bel & The Dragon operates approximately six exquisite modern English inns located in the Home Counties. Its Tenanted Inns segment comprises pubs operated by third parties under tenancy or lease agreements. The Company has approximately 183 managed businesses, 1,015 boutique bedrooms, and 193 tenanted inns. It provides a range of pub categories, including breakfast & brunch, ale, and pie pubs, licensed, pubs in Hampshire, live sports pubs, play areas, pub gardens, rugby pubs, and others. Its hotels include The Bear of Burton, Christchurch; The Blackbird, Earl's Court; The Bull Hotel, Bridport, and others.
Fuller, Smith & Turner P.L.C. commences an Equity Buyback Plan for 3,883,397 shares, representing 2.83% of its issued share capital, under the authorization approved on July 20, 2023.
FULLER, SMITH & TURNER P.L.C. 
