Business
Commencement of Share Buyback Programme
SThree plc has commenced a share buyback programme of up to £20 million, which is expected to conclude by 30 November 2026. This programme, executed through non-discretionary agreements with Investec Bank plc and Joh. Berenberg, Gossler & Co. KG, aims to reduce the company's share capital by cancelling repurchased shares. The Directors believe this initiative is in the best interests of shareholders, returning surplus capital while preserving financial flexibility for strategic investments. The buyback will operate within pre-set parameters and shareholder authority, adhering to FCA Listing Rules and EU regulations, with potential adjustments if safe harbour conditions become restrictive. Disclaimer*
About this update from Sthree Plc
[{"type":"text","content":"\n\n12 February 2026\n \nSThree plc\nCommencement of Share Buyback Programme\n \nOn 27 January 2026, in its Final Results for the financial year ended 30 November 2025, SThree plc (\"SThree\" or the \"Company\") announced its intention to launch a share buyback programme of up to £20 million (the \"Share Buyback Programme\").\n \nSThree has entered a non-discretionary agreement with each of Investec Bank plc (\"Investec\") and Joh. Berenberg, Gossler & Co. KG, London Branch (\"Berenberg\", together, the \"Brokers\") to execute the buyback for an aggregate value of up to £20 million (excluding any associated costs and stamp duty) of the Company's Ordinary Shares of 1 pence each (the \"Shares\") and to make trading decisions under the Share Buyback Programme independently of the Company in accordance with certain pre-set parameters. During any closed periods the Company and its Directors have no power to invoke any changes to the programme and it will be executed at the sole discretion of the Brokers. The Share Buyback Programme will commence today and is expected to end no later than 30 November 2026, the end of the Company's current financial year.\n \nThe purpose of the Share Buyback Programme is to reduce the share capital of the Company. As such, the Company will cancel any Shares purchased. The Directors of the Company consider the Share Buyback Programme to be in the best interests of the Company and its shareholders, returning surplus capital to shareholders, whilst maintaining the financial flexibility to invest in the Group's strategy.\n \nAny share purchases will be made by the Company within certain pre-set parameters and in accordance with the general authority of the Company to repurchase shares granted by shareholders at the Company's Annual General Meeting held on 29 April 2025, which permits the Company to purchase no more than 13,350,000 ordinary shares, as may be updated subject to shareholder approval at the 2026 Annual General Meeting.\n \nThe Share Buyback Programme will be conducted in compliance with Chapter 12 of the Financial C...