FirstGroup (LON:FGP) plc, a leading transport operator in the UK, has made substantial strides in its share buyback program, which was initiated on June 8, 2023. The company acquired an undisclosed amount of 5 pence ordinary shares through RBC Europe Limited on Wednesday.
Following this acquisition, the company's treasury now holds 80,388,846 Ordinary Shares. The total number of Ordinary Shares in circulation—excluding those held as treasury shares—stands at 670,306,169. These figures are critical for shareholders who need to disclose changes in their interest under the Financial Conduct Authority’s (FCA) Disclosure and Transparency Rules.
In addition to holding the newly purchased shares as treasury shares, FirstGroup is contemplating their eventual cancellation. This decision could potentially impact the total voting rights in FirstGroup, which as of Tuesday was also 670,306,169.
The company provided a comprehensive breakdown of the individual trades executed within this program and further details about the scope and implications of the transaction. The specifics included transaction date, volume, and intricate pricing details. This information offers shareholders a complete understanding of the transaction's scope and implications.
The firm also listed contact information for key individuals within FirstGroup and its associated firms, ensuring transparency and open channels of communication during this significant financial move.
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