Fuller, Smith & Turner PLC Announces Share Buyback Transaction

Fuller, Smith & Turner PLC, commonly known as Fuller's, a well-regarded brewer and pub operator, has officially disclosed the acquisition of its own shares. This recent transaction forms part of an ongoing share buyback programme that the company had previously announced on 16 November 2023. Fuller's executed the purchase of its 'A' ordinary shares each at 40p on the London Stock Exchange, opting to conduct these transactions through Numis Securities Limited.

The buyback, dated 13 March 2024, saw the company securing a total of 728 'A' ordinary shares. The prices for these shares ranged narrowly, with the highest price per share reaching 566 GBp and the lowest at 564 GBp, resulting in a volume-weighted average price of 565.9231 GBp per share. Following the transaction, Fuller's intends to hold these repurchased shares within its Treasury.

The company has clarified that subsequent to this purchase, the total number of its listed 'A' ordinary shares in issue stands at 41,182,339, with 4,064,417 of these being held in treasury. Hence, the total number of voting rights in Fuller's, pertinent for disclosure under the FCA's Disclosure and Transparency Rules, is 37,117,922. This information serves as a resource for shareholders to ascertain if they need to disclose changes in their shareholding.