C&C Group PLC has announced the purchase of 65,000 of its ordinary shares on the London Stock Exchange from J&E Davy. The highest price paid per ordinary share was 158.00p, the lowest was 157.40p, and the volume-weighted average price paid per ordinary share was 157.54p. These shares will be cancelled as part of the company'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 announced on 21 February 2024 and formally commenced on 1 March 2024. Following the settlement of these transactions and the subsequent share cancellation, C&C will have 386,570,194 ordinary shares in issue, excluding treasury shares.
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. Mark Chilton, the Company Secretary and General Counsel, has been listed as the contact for any inquiries related to this announcement.