Fuller, Smith & Turner PLC Announces Share Buyback Programme Progress

Fuller, Smith & Turner PLC (FSTA) has disclosed a transaction in its own shares as part of its ongoing share buyback programme. The London-based company confirmed the purchase of 10,336 'A' ordinary shares at prices ranging between 546.00 and 552.00 GBp, resulting in a volume-weighted average price of 551.8050 GBp per share. This transaction was conducted on the London Stock Exchange through Numis Securities Limited on March 5, 2024.

These repurchased shares are to be held in Treasury, Fuller’s announced. Following this transaction, the total listed issued share capital of Fuller’s amounts to 41,182,339 ‘A’ ordinary shares of 40p each, with 4,021,371 of those shares currently held in treasury. Consequently, the total number of voting rights has been adjusted to 37,160,968, information crucial for shareholders regarding the FCA's Disclosure and Transparency Rules.

The share buyback initiative, previously announced on November 16, 2023, is part of Fuller’s strategic financial management. Such buybacks serve various purposes, including increasing the value of remaining shares by reducing the supply and providing an additional outlet for returning capital to shareholders.