Business
Launch of Share Buyback Programme
ME Group International PLC has launched a share buyback programme, authorising the repurchase of ordinary shares up to a maximum aggregate consideration of £18 million. This programme, which commenced today and is expected to conclude by 31 December 2026, will be executed by Peel Hunt LLP acting as a riskless principal. The company has the authority to purchase up to 37,772,333 ordinary shares, with purchases adhering to regulatory guidelines, including potential exceptions to daily trading volume limits. Any shares acquired will be cancelled or held in treasury. Disclaimer*
About this update from Me Group International Plc
[{"type":"text","content":"\n\n23 March 2026\nME Group International plc\n(\"ME Group\", the \"Group\" or the \"Company\")\nLaunch of Share Buyback Programme\nFurther to the Company's announcements on 25 and 26 February 2026 and the publication of the Company's FY25 results earlier today, ME Group today announces that it has now entered into instructions with Peel Hunt LLP (\"Peel Hunt\") to enable the Company to buy back ordinary shares of 0.5 pence each in the capital of the Company (\"Ordinary Shares\") up to a maximum aggregate consideration (exclusive of any applicable taxes, commission and expenses) of £18 million (the \"Share Buyback Programme\").\nDetails of the Share Buyback Programme\nME Group has given irrevocable and non-discretionary instruction to Peel Hunt to conduct the Share Buyback Programme on its behalf, which will commence today and is expected to complete by 31 December 2026, or such later date as agreed between Peel Hunt and the Company. Peel Hunt will act as \"riskless\" or \"matched\" principal for the purposes of the Share Buyback Programme, within certain parameters, and will make its trading decisions concerning the purchases of Ordinary Shares independently of the Company. Share purchases may therefore continue during any closed period to which the Company is subject during the above-mentioned period.\nOrdinary Shares purchased under the Share Buyback Programme will take place in open market transactions and in accordance with the general authority to purchase Ordinary Shares granted to the directors of the Company (the \"Directors\") by its shareholders at the Company's General Meeting on 26 February 2026 (the \"2026 General Meeting Authority\", or as subsequently granted to the Directors at its AGM in 2027).\nThe maximum number of Ordinary Shares which the Company is authorised to purchase under the 2026 General Meeting Authority is 37,772,333.\nThe Share Buyback Programme will be conducted in accordance with Article 5(1) of Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) (\"UK MAR\"), the provisions of Commission Delegated Regulation (EU) 2016/1052, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended), which deal with buyback programmes, and Chapter 9 of the UK Financial Conduct Authority's UK L...