Business
Share Buyback Programme Update
Volex plc has reduced its on-market share buyback programme from £40 million to £20 million following the acquisition of the remaining share capital in KST SignalTek Ltd for an initial cash consideration of $74.7 million. This adjustment reflects the company's disciplined capital allocation strategy, balancing investment in organic growth and acquisitions with returning surplus capital to shareholders, while maintaining financial flexibility. The terms of the original share buyback programme remain unchanged. Disclaimer*
About this update from Volex Plc
14 July 2026 Volex plc ("Volex", the "Company", or the "Group") Share Buyback Programme Update Volex plc (AIM: VLX), a critical manufacturing partner to category leaders, delivering complex power and data connectivity systems, announces an amendment to its on-market share buyback programme, announced on 7 April 2026 (the "Share Buyback Programme"). The Company reiterated its capital allocation priorities at its recent capital markets event in April 2026, which include prioritising investment in organic capability where it supports customer-led growth, pursuing capability-led acquisitions that meet the Group's strict financial criteria, maintaining a progressive dividend policy and if appropriate, returning surplus capital by way of share buyback programmes. Earlier today the Group announced the acquisition of the share capital it did not already own in KST SignalTek Ltd, increasing its ownership to 100%, for an initial cash consideration of $74.7 million. The Group's acquisition pipeline remains active, and accordingly, the Company has reduced the quantum of its Share Buyback Programme from £40 million to £20 million (the "Updated Share Buyback Programme"). This demonstrates the Company's discipline in allocating capital to generate returns for its shareholders, whilst maintaining financial flexibility to continue investing in the Group's growth strategy. There are no other changes to the terms of the Share Buyback Programme announced on 7 April 2026. For further information please contact: Volex plc +44 (0) 1256 442570 Nat Rothschild, Chief Executive Officer [email protected] Jon Boaden, Chief Financial Officer Peel Hunt LLP - Nominated Adviser & Joint Broker +44 (0) 20 7418 8900 Ed Allsopp Dom Convey Asha Chotai Tom Graham Jefferies - Joint Broker +44 (0) 20 7029 8000 Philip Noblet Sam Barnett Harry Le May Sodali & Co. - Media Enquiries +44 (0) 20 7250 1446 James White Peter Lambie James Whitaker About Volex plc Volex plc (AIM: VLX) is a specialist manufacturer of critical power and data connectivity solutions. The Group serves international blue-chip customers in five end-markets: Complex Industrial Technology, Consumer Electricals, EV & Electrification, Medical and Off-Highway. Headquartered in the UK, Volex operates 23 manufacturing sites across 25 countries and employs approximately 12,500 people. Its products are supplied to Original Equipment Manufacturers and Electronic Manufacturing Services companies worldwide. Learn more at www.volex.com . -ENDS-