Fuller, Smith & Turner PLC Announces New Share Buyback Programme

Fuller, Smith & Turner PLC has announced a new share buyback programme. The company plans to repurchase up to 1 million 'A' ordinary shares, each valued at 40 pence, through Numis Securities Limited. This decision follows a recent buyback completion in January 2025 and aligns with the company's capital allocation strategy.

The board views the current share price as significantly undervalued compared to the company's net asset value. The programme aims to enhance earnings per share and supports its strategy of long-term sustainable growth. Shares are to be bought on the London Stock Exchange, adhering to the Listing Rules and shareholder authorisation.

Given the low liquidity of the ordinary shares, repurchases may exceed 25% of the daily trading volume, meaning the company won't benefit from certain exemptions. Market purchases will be announced by 7:30 a.m. the following business day after each transaction.