C&C Group PLC has announced the purchase of its ordinary shares on the London Stock Exchange from J&E Davy. The company bought 100,000 ordinary shares at prices ranging from 167.00p to 169.20p, with a volume-weighted average price of 168.29p. These shares will be canceled 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.
Following the settlement of these transactions and the subsequent share cancellation, C&C will have 390,961,412 ordinary shares in issue, excluding treasury shares. The buyback program was announced on 21 February 2024 and formally commenced on 1 March 2024.
The company has provided detailed information on the individual trades made by J&E Davy as a riskless principal on behalf of C&C on the London Stock Exchange as part of the buyback program for subsequent repurchase by the company. The contact person for this announcement is Mark Chilton, the Company Secretary and General Counsel.
The aggregated information provided includes the trading venue, currency, volume-weighted average price, and aggregated volume. Additionally, a breakdown of the number of shares, price per share, trading venue, time of transaction, and MatchID has been included for transparency.
This announcement provides insight into C&C Group PLC's recent share buyback activities and its commitment to returning value to its shareholders through the cancellation of purchased ordinary shares.