M. P. Evans Group PLC
05 October 2026
M.P. EVANS GROUP PLC
("M.P. Evans", "the Group", or "the Company")
SHARE BUYBACK PROGRAMME
The board of directors of M.P. Evans (the "Board") is pleased to announce that the Group is extending its share buyback programme, authorised by shareholders at the annual general meeting held on 12 June 2026, (the "Programme") which expired on 15 September 2026.
The Programme will have a budget of up to £3 million to be used from the date of this announcement to buy back M.P. Evans' shares of 10 pence each ("Shares") in the market until 15 December 2026. At that time, the Board will consider a further extension to the Programme.
The Board believes the Group is well positioned, supported by strong operational cash generation and a robust balance sheet. This provides an opportunity to repurchase Shares at advantageous levels, as part of its overall approach to capital allocation, which will focus on long-term value creation for shareholders.
In order to implement the Programme, M.P. Evans has entered into an agreement with Cavendish Capital Markets Limited ("Cavendish") on the following basis:
· Cavendish will manage the purchases on a discretionary basis, purchasing Shares within certain pre-set parameters and making its trading decisions independently of, and uninfluenced by, the Group. Purchases may therefore continue during any closed periods of the Group.
· The Programme will operate under the authority granted to the Group by shareholders at the Group's most recent Annual General Meeting, held on 12 June 2026.
· Any Shares purchased will be cancelled.
· The Group has authorised this phase of the Programme to commence with immediate effect and will continue whilst it retains the authority from shareholders to repurchase Shares until 15 December 2026.
· The Programme will be conducted in accordance with the safe harbour parameters as prescribed by MAR.
Enquiries:
|
M.P. Evans Group PLC |
Peter Hadsley-Chaplin - chairman Matthew Coulson - chief executive Luke Shaw - chief financial officer |
+44 (0)1892 516333 |
|
Cavendish Capital Markets Nomad and joint broker |
Matt Goode; George Lawson (corporate finance) Will Smith; Harriet Ward (ECM) |
+44 (0)20 7220 0500 |
|
Canaccord Genuity Limited Joint broker |
Henry Fitzgerald-O'Connor; George Grainger |
+44 (0)20 7523 4500 |
|
Alma Strategic Communications Financial PR |
Rebecca Sanders-Hewett; Josh Royston; David Ison; Louisa El-Ahwal |
+44 (0)20 3405 0205 |
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