C&C Group PLC has announced the purchase of its own ordinary shares on the London Stock Exchange from J&E Davy. The company bought 100,000 ordinary shares at prices ranging from 166.40p to 167.20p, with a volume-weighted average price of 166.96p. These shares will be cancelled as part of C&C's intention to buy back ordinary shares of a total value of up to €15 million in the period up to 30 June 2024.
The buyback program was formally commenced on 1 March 2024 and is in accordance with Article 5(1)(b) of the Market Abuse Regulation. Following the settlement of these transactions and the subsequent share cancellation, C&C will have 390,861,412 ordinary shares in issue, excluding treasury shares.
The detailed breakdown of individual trades made by J&E Davy as riskless principal on behalf of C&C on the London Stock Exchange as part of the Buyback Programme for subsequent repurchase by the Company is scheduled to this announcement. For further information, the company secretary and general counsel, Mark Chilton, can be contacted at [email protected].