Burberry Group PLC has announced that it has purchased 587,350 of its ordinary shares from Morgan Stanley & Co International Plc on the London Stock Exchange and Multilateral Trading Facilities. The purchase was made in accordance with the authority granted by shareholders at the company's Annual General Meeting in July 2023. The highest price paid per share was 1,724.0000 pence, the lowest price paid per share was 1,699.5000 pence, and the average price paid per share was 1,711.0100 pence. Burberry intends to cancel the purchased shares.
Following this transaction, Burberry now holds 5,232,720 of its ordinary shares in treasury and has 359,949,739 ordinary shares in issue, excluding treasury shares. The total number of voting rights in the company will be 359,949,739, which shareholders can use as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules.
Since the share buyback program with Morgan Stanley & Co International Plc began in June 2023, Burberry has repurchased a total of 9,832,055 ordinary shares at a weighted average price of 1,790.8000 pence per share. A full breakdown of the individual trades can be found in the attached announcement.
Burberry Group PLC is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. The company's trademarks include BURBERRY, the Equestrian Knight Device, the Burberry Check, and the Thomas Burberry Monogram and Print.