Completion of Share Buyback Programme
Source: RNS
Grafton Group plc
Completion of Share Buyback Programme
19 April 2023
Grafton Group plc ("the Company"), the international building materials distributor and DIY retailer, is pleased to announce that it has completed its share buyback programme that commenced on 10 November 2022.
Between 10 November 2022 and 18 April 2023, 10.89 million ordinary shares in the Company were repurchased on the London Stock Exchange for cancellation at an average price of £8.57 per share and a total cost of £93.3 million. This represented 4.8 per cent of the issued share capital of the Company (excluding treasury shares) when the programme commenced.
Completion of this buyback programme brings the total cash returned to shareholders between 9 May 2022 and 18 April 2023 to £193.3 million under the two buyback programmes that were completed within the limits of the authority to repurchase up to 10 per cent of the Company's ordinary shares in issue granted by shareholders at the Company's Annual General Meeting held on 28 April 2022.
For further information please contact:
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Investors |
Media |
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Grafton Group plc |
+353 1 216 0600 |
Murray |
+353 1 498 0300 |
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Eric Born |
Chief Executive Officer |
Pat Walsh |
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David Arnold |
Chief Financial Officer |
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Buchanan Helen Tarbet Simon Compton |
+44 (0) 20 7466 5000
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