Update on Share Buyback Programme

FOXTONS GROUP PLC (the "Company" or "Foxtons")

SHARE BUYBACK PROGRAMME - MANAGEMENT OF THE PROGRAMME WITHIN THE CLOSED PERIOD

23 December 2022

Foxtons Group plc (LSE: FOXT), London's leading estate agency, today issues an update on the share buyback programme to return excess capital to shareholders.

Share buyback programme

Foxtons Group plc refers to the announcement published on 2 November 2022, in which the Company confirmed the launch of a share buyback programme (the "Programme") of up to £3 million, in line with the Company's policy of returning excess cash to shareholders.

The Group has today issued an irrevocable instruction to Numis Securities Limited to continue to manage the Programme, within pre-set parameters, during the closed period ahead of the publication of the Group's Full Year results in 2023.

To date, the Programme has seen 5,627,162 shares purchased, at a total value of £1.8m.

For further details on the Programme, please refer to the announcement issued on 2 November 2022.

For further information, please contact:

 

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