Business
Fuller, Smith & Turner PLC: Share Buyback Pro...
Fuller, Smith & Turner PLC has initiated a new share buyback programme to repurchase up to 1 million "A" Ordinary Shares of 40 pence each, reflecting the board's belief that the current share price is significantly below the company's underlying net asset value. This programme, managed by Deutsche Numis, aligns with the company's capital allocation framework and strategy for sustainable growth, aiming to enhance earnings per share. Purchases will occur on the London Stock Exchange and may exceed 25% of the average daily trading volume, meaning the company will not benefit from the regulatory exemption for smaller buybacks. Any purchases will be announced by 7:30 a.m. on the business day following the transaction. Disclaimer*
About this update from Fuller, Smith & Turner P.l.c. Class A
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nFuller, Smith & Turner PLC (FSTA)\n\n\n\n\n\n\nFuller, Smith & Turner PLC: Share Buyback Programme 21-Jan-2026 / 07:00 GMT/BST\n\n\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n\nFuller, Smith & Turner P.L.C. (“the Company”)\n\nShare Buyback Programme\n\nFurther to the Trading Update announcement made on 15 January 2026, and the announcement made yesterday regarding the completion of the buyback programme initiated on 28 August 2025, the Company announces that it has entered into a further arrangement with Deutsche Bank AG, London Branch (trading for these purposes as Deutsche Numis) to repurchase up to 1 million “A” Ordinary Shares of 40 pence each in the Company (“A” Ordinary Shares”) (the “Programme”). This is consistent with the Company’s capital allocation framework and reflects the Board’s view that the current share price continues to represent a significant discount to the Company’s underlying net asset value. The Programme aligns with the Company’s strategy of long term sustainable growth and delivering value for our shareholders and is expected to enhance earnings per share.\n\nThe share purchases will be made on the Company's behalf and in accordance with the arrangement and, in the case of any purchases made during closed periods and/or at any time when the Company has inside information, shall be made independently of and uninfluenced by the Company.\n\nAny purchase of “A” Ordinary Shares effected pursuant to this Programme will be carried out on the London Stock Exchange and executed in accordance with, and subject to limits prescribed by, the Listing Rules and in accordance with the authorisation granted by shareholders.\n\nDue to the limited liquidity in the issued “A” Ordinary Shares, any buyback of “A” Ordinary Shares pursuant to the authority on any trading day may represent a significant proportion of the daily trading volume in t...