Business
Share Buyback Programme
Softcat plc has initiated a share buyback programme to repurchase ordinary shares for up to £45 million, commencing on 8 January 2026 and expected to conclude in the first half of the year. This programme, which allows for the purchase of up to 19,994,626 shares, reflects the company's strong cash generation, robust financial position, and the Board's confidence in Softcat's long-term prospects. The buybacks will be conducted on the London Stock Exchange through a non-discretionary agreement with J.P. Morgan Securities plc. Disclaimer*
About this update from Softcat Plc
[{"type":"text","content":"\n\n\n8 January 2026\n \nSOFTCAT plc\n('Softcat', the 'Group')\n \nShare buyback programme\nSoftcat plc (LSE: SCT.L), a leading UK provider of IT infrastructure products and services, today announces the commencement of a share buyback programme (the 'Programme') to repurchase ordinary shares of £0.0005 each (the 'Shares') for aggregate consideration of up to £45 million. The Programme commences today, 8 January 2026 and is expected to complete in the first half of the calendar year.\nThe Programme is consistent with the Group's disciplined capital allocation policy and reflects the Board's continued confidence in Softcat's long-term prospects, supported by the Group's strong cash generation and robust financial position.\nDetails of the Programme\nSoftcat has entered into a non-discretionary agreement with J.P. Morgan Securities plc ('J.P. Morgan') to conduct the buyback on its behalf and, acting as riskless principal, carry out on-market purchases of Shares (including, for the avoidance of doubt, in the case of any purchases made during closed periods). J.P. Morgan will simultaneously sell the repurchased Shares to Softcat for cancellation. Softcat will announce any market repurchase of Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. \nAny purchases of Shares in relation to this announcement will be carried out on the London Stock Exchange in accordance with certain pre-set parameters outlined in the agreement with J.P. Morgan. These arrangements are in accordance with (and subject to the limits prescribed by) the Group's general authority to repurchase Shares granted by its shareholders at the annual general meeting ('AGM') held on 15 December 2025; Chapter 9 of the Financial Conduct Authority's UK Listing Rules; and applicable regulations, including those provisions of the Market Abuse Regulation (EU) No. 596/2014 (as incorporated into domestic law by the European Union (Withdrawal) Act 2018) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into domestic law by the European Union (Withdrawal) Act 2018).\nThe maximum number of Shares which may currently be purchased or committed to be purchased by Softcat under the Programme is 19,994,626, which is the maximum number pursuant to the relevant authorities granted...