Business
Extension of Share Buyback Programme
Macfarlane Group PLC has extended its share buyback programme, originally announced for up to £4 million, with approximately £1.2 million remaining to be deployed. The programme's expiry date has been moved from May 29, 2026, to December 31, 2026, or until the £4 million limit is reached. To date, the company has repurchased 3,424,509 ordinary shares for approximately £2.8 million, and these acquired shares will continue to be cancelled, reducing the company's share capital. The buyback will be conducted by Shore Capital Stockbrokers Limited on an irrevocable and non-discretionary basis, adhering to pre-set parameters and regulatory requirements. Disclaimer*
About this update from Macfarlane Group Plc
[{"type":"text","content":"\n\n12 May 2026\nMacfarlane Group PLC\n(\"Macfarlane\", the \"Company\", or the \"Group\")\nExtension of share buyback programme\nMacfarlane Group PLC announces an extension to the long stop expiry date of its existing share buyback programme (the \"Programme\").\nOn 25 May 2025, the Company announced the launch of the Programme for up to a maximum amount of £4 million. Since the commencement of the Programme, the Company has repurchased 3,424,509 ordinary shares of 25 pence each (the \"Ordinary Shares\") in aggregate for total consideration of approximately £2.8 million. Accordingly, approximately £1.2 million remains to be deployed under the Programme. In order to allow the existing Programme to continue to completion, the Board has resolved to extend the long stop expiry date for the Programme from 29 May 2026 until the earlier of: (i) the Programme having reached its £4 million maximum amount, or (ii) close of business on 31 December 2026, unless the Company and Shore Capital Stockbrokers Limited agree otherwise (in which event an announcement would be made).\nThe Company has instructed Shore Capital Stockbrokers Limited to conduct the remainder of the Programme on the Company's behalf on an irrevocable and non-discretionary basis. The Programme will continue to be effected within pre-set parameters, including that the maximum price paid per Ordinary Share shall be no more than 105 per cent. of the trailing five-day average mid-market price, and in accordance with and under the terms of the general authority granted to the Board by the Company's shareholders at the Company's annual general meeting on 12 May 2026 (the \"General Authority\"). Ordinary Shares acquired under the Programme will continue to be cancelled which will reduce the share capital of the Company.\nAny purchases of Ordinary Shares by the Company in relation to the Programme will continue to be conducted in accordance with the General Authority and, insofar as is possible, in accordance with the safe harbour parameters of the Market Abuse Regulation (Regulation (EU) No 596/2014) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by virtue of the UK's European Union (Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU Exit) Regulations 2019)('MAR') as well as the applicable laws and regulations of...