13 October 2026
FIRSTGROUP PLC
CAPITAL REDUCTION
Further to the announcement made on 21 September 2026 regarding the reduction of
its share premium account, FirstGroup PLC ("FirstGroup" or the "Group")
announces that the Capital Reduction, approved by shareholders at the Annual
General Meeting held on 30 July 2026 (the `AGM') and confirmed by the Court of
Session in Edinburgh, Scotland on 18 September 2026, was formally registered at
Companies House, and therefore became effective, on 30 September 2026.
As previously announced, the Capital Reduction creates additional distributable
reserves of £500,000,000 for the Group, providing greater flexibility to support
future dividends and share buybacks. The Capital Reduction does not affect the
number of the Group's ordinary shares in issue or their nominal value, and the
Capital Reduction itself does not impact the Group's cash position and net
assets, nor will it require any repayment or distribution of capital by the
Group.
Unless otherwise defined, capitalised terms used in this announcement have the
meanings given to them in the Notice of AGM dated 26 June 2026.
Contacts at FirstGroup
Marianna Bowes, Head of Investor Relations
David Blizzard, Company Secretary
companysecretariat@firstgroup.co.uk
Tel: +44 (0) 20 7725 3354
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Summary by 6ix
FirstGroup PLC's capital reduction, a cut to its share premium account (money paid by investors above the shares' face value), became effective on September 30, 2026, when it was formally registered at Companies House, the UK company registry.
Key details
- Shareholders approved the capital reduction at the Annual General Meeting held on July 30, 2026, and the Court of Session in Edinburgh, Scotland confirmed it on September 18, 2026.
- FirstGroup says the reduction creates additional distributable reserves (profits available to pay shareholders) of £500,000,000, giving it greater flexibility to support future dividends and share buybacks.
- The reduction does not change the number of ordinary shares in issue or their nominal value, does not affect cash or net assets, and does not require any repayment or distribution of capital.
6ix wrote this summary from the release below and checked it against the release.
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