Fuller, Smith & Turner PLC Announces Completion and Extension of Share Buyback Programme

Fuller, Smith & Turner PLC, widely recognized as Fuller's, has officially concluded its current share buyback programme, as initiated on 16 November 2023. The programme successfully repurchased 1 million 'A' ordinary shares for a total cost of £6.4 million. Following this achievement, Fuller’s announced an extension of the buyback programme, planning for the repurchase of up to an additional 1 million 'A' ordinary shares.

The shares bought on the last day of this phase, 21 March 2024, amounted to 15,713 shares, transacted through Numis Securities Limited on the London Stock Exchange. These transactions took place at an average price of 568.00 pence per share, with prices ranging from 564.00 to 567.7709 pence. The newly repurchased shares are intended to be held in Treasury.

This move leaves Fuller's with a total issued share capital of 41,082,339 'A' ordinary shares, 4,125,905 of which are held in treasury. Thus, the total number of voting rights now stands at 37,056,434. This number serves as a reference for shareholders for the disclosure of their interests as per the FSA's Disclosure and Transparency Rules.

Every collection of transactions was reported in compliance with regulations, underscoring Fuller’s commitment to transparency and regulatory adherence. The extension of the buyback programme signifies the company's ongoing strategy to enhance shareholder value.