Burberry Group PLC has announced that it has purchased 145,562 of its ordinary shares from Merrill Lynch International 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. The highest price paid per share was 2,227.0000 pence, the lowest price paid per share was 2,199.0000 pence, and the average price paid per share was 2,211.4597 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 371,527,014 ordinary shares in issue (excluding treasury shares). The total number of voting rights in the company is now 371,527,014.
Since the share buyback program with Merrill Lynch International began, Burberry has repurchased a total of 7,517,798 ordinary shares at a weighted average price of 2,166.3138 pence per share.
In a correction to a previous announcement, the aggregate number of ordinary shares purchased on August 30, 2023, was 150,887 and not 150,877 as previously stated. All other amounts in the previous announcement remain correct.
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.