Business
Launch Of Share Buyback Programme
Helical plc has initiated a share buyback programme with an aggregate value of up to £5 million, commencing immediately and concluding by 30 September 2026 or upon completion. The company has engaged Peel Hunt LLP to execute market purchases as riskless principal, with trading decisions made independently within agreed parameters. This programme, aimed at returning surplus capital to shareholders, is authorised under the 2025 Shareholder Authority, which permits the purchase of up to 12,335,519 ordinary shares and expires on 17 October 2026. Purchased shares will be held in treasury for future employee share option obligations or cancelled. Purchases will adhere to regulatory limits, with daily volumes potentially exceeding 25% of average trading volume due to limited liquidity. Disclaimer*
About this update from Helical Plc
8 June 2026 Helical plc LAUNCH OF SHARE BUYBACK PROGRAMME Helical plc (the "Company") is pleased to announce that it is today commencing a share buyback programme (the "Programme") to purchase ordinary shares of £0.01 each in the Company (the "Ordinary Shares") with an aggregate value of up to £5 million (excluding expenses). The Programme will commence immediately and shall continue until the earlier of 30 September 2026 and its completion. The Company has entered into an irrevocable agreement (the "Agreement") with Peel Hunt LLP ("Peel Hunt") to undertake the Programme on the Company's behalf, with Peel Hunt making market purchases, as riskless principal, of the Ordinary Shares on the London Stock Exchange. Peel Hunt will make trading decisions under the Programme independently of the Company, subject to: (i) certain parameters agreed between Peel Hunt and the Company prior to the commencement of the Programme pursuant to the Agreement; and (ii) the Company's right to terminate the Agreement in certain customary circumstances. Any purchases of Ordinary Shares contemplated by this announcement will be subject to the terms of the Agreement. Any purchases pursuant to the Programme shall take place in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase Ordinary Shares granted by its shareholders at the annual general meeting in 2025 (the "2025 Shareholder Authority") and any further authority to repurchase Ordinary Shares as may be granted by the Company's shareholders from time to time. The maximum number of Ordinary Shares that the Company is currently authorised to purchase under the 2025 Authority is 12,335,519. The 2025 Shareholder Authority will expire at the earlier of 17 October 2026 and the conclusion of the Company's 2026 AGM. Following the expiry of the 2025 Shareholder Authority, the continuation of the Programme will be conditional on the approval by shareholders of a resolution re-granting the directors' authority to purchase Ordinary Shares at the 2026 AGM and any further purchases will be in accordance with the terms of such approval. The purpose of the Programme is to return surplus capital to shareholders. Ordinary Shares purchased pursuant to the Programme will be held in treasury and may be used to satisfy future obligations arising from the Company's ...