Business
Share Buyback Programme Cancellation
Share Buyback Programme Cancellation.
About this update from Severfield Plc
[{"type":"text","content":"\n\n3 March 2025\nSeverfield plc\n('Severfield' or 'the Company')\nShare buyback programme cancellation\n \nAs noted in this morning's trading update announcement, Severfield plc, the market-leading structural steel group, announces that, with effect from 3 March 2025, it has terminated the agreement entered into with Liberum in respect of £10m share buyback programme announced on 17 April 2024 thereby cancelling the buyback programme.\n \nIn aggregate, between 17 April 2024 and 28 February 2025, the Company repurchased and cancelled 13,356,334 ordinary shares at a cost of £9,262,581 (excluding stamp duty and expenses).\n \nSeverfield's current issued share capital is 296,181,987 ordinary shares. Accordingly, the total number of voting rights in Severfield as at 28 February 2025 is 296,181,987. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \n \nFor further information, please contact:\n \nSeverfield Alan Dunsmore 01845 577 896\nChief Executive Officer\n \nAdam Semple 01845 577 896\nChief Financial Officer\n \nJefferies International Will Soutar 020 7029 8000\n \nPanmure Liberum &...