Business
Launch of Share Buyback Programme
The Pebble Group PLC has launched a share buyback programme, allowing for the repurchase of ordinary shares up to a maximum aggregate consideration of £5.0 million or a specified number of shares, whichever limit is reached first. This initiative, commencing today and concluding by 31 December 2026 or earlier if the maximum amount is reached or the AGM authority is not renewed, reflects the board's confidence in the company's future value and its commitment to enhancing shareholder returns. The company has engaged Panmure Liberum to execute these purchases on the London Stock Exchange, with any acquired shares to be cancelled. Disclaimer*
About this update from Pebble Group Plc
[{"type":"text","content":"\n\n17 March 2026\nTHE PEBBLE GROUP PLC\n(\"The Pebble Group\" or the \"Group\")\nLaunch of Share Buyback Programme\nThe Pebble Group, a leading provider of digital commerce, products and related services to the global promotional products industry, is pleased to announce the commencement, today, of a share buyback programme (the \"Share Buyback Programme\") in the Group's ordinary shares of 1 pence each (\"Ordinary Shares\").\nThe Board considers that the Group's strong balance sheet provides an opportunity to repurchase its Ordinary Shares at an attractive level whilst returning capital back to shareholders. The Share Buyback Programme reflects both the Board's confidence in the Group's future value, its maintained focus on capital allocation and enhancing shareholder returns, alongside its continued investment in the Group's strategy.\nPursuant to the Share Buyback Programme, Ordinary Shares may be purchased by the Group up to either of the following limits (the first such limit to be reached being the \"Maximum Amount\"):\n(a) a maximum aggregate consideration (exclusive of any applicable taxes, commission and expense) of £5.0 million; or\n(b) a maximum aggregate number of: (i) 16,112,332 Ordinary Shares in line with the authority given at the Company's Annual General Meeting held on 3 June 2025 (\"2025 AGM\"); or (ii) if following the Company's annual general meeting in 2026 (the \"2026 AGM\") the general authority for the Company to make market purchases of its own Ordinary Shares has been renewed, such number of Ordinary Shares as is authorised for market repurchases at the 2026 AGM.\nThe Company has entered into an agreement with its broker Panmure Liberum Limited (\"Panmure Liberum\") to carry out purchases of its Ordinary Shares under the Share Buyback Programme on its behalf, acting as \"riskless\" or \"matched\" principal. Panmure Liberum will manage the purchases on a discretionary basis, purchasing Ordinary Shares on the London Stock Exchange within certain pre-set parameters over the Share Buyback Programme up to the Maximum Amount.\nThe maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall not be more than the higher of: (i) 105 per cent of the average of the middle market quotations for an Ordinary Share as derived from the Daily Official List of the London Stock Exchange plc for th...