Fuller, Smith & Turner PLC Announces Share Buyback Update

Fuller, Smith & Turner PLC, popularly known as Fuller’s, disclosed the recent activities under its share buyback programme. On March 20, 2024, the company repurchased 15,000 of its 'A' ordinary shares, contributing to its ongoing efforts to manage capital efficiently. Each share, valued at 40p, was bought back through Numis Securities Limited on the London Stock Exchange, showcasing the company's strategic approach to enhance shareholder value.

The transactions showed a highest price per share of 558.00 GBp and a lowest of 556.00 GBp, averaging at 557.6692 GBp. This move aligns with Fuller’s committed strategy, announced earlier on November 16, 2023. The repurchased shares are to be held in treasury, signalling potential for future corporate flexibility. After this acquisition, Fuller’s total issued share capital stands at 41,182,339, with 4,110,192 shares sitting in treasury, affecting the total number of voting rights to 37,072,147.

This initiative is part of Fuller’s continuous efforts to judiciously return value to its shareholders while maintaining a strong balance sheet. Shareholders now have the updated denominator of 37,072,147 for assessing their interest notifications in compliance with the FCA's Disclosure and Transparency Rules.