C&C Group plc has announced the purchase of 100,000 of its ordinary shares of €0.01 each on the London Stock Exchange from J&E Davy. The highest and lowest price paid per ordinary share was 167.50p, with a volume-weighted average price of 167.50p. 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. Following settlement of the transactions and subsequent share cancellation, C&C will have 389,722,948 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 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 program for subsequent repurchase by the company. The contact person for this announcement is Mark Chilton, Company Secretary and General Counsel.
The company's LEI is 635400LNUHA2LDXXV850, and the ISIN is IE00B010DT83. The intermediary involved in the transaction is J&E Davy, with the intermediary code DAVYIE21. The transactions took place in the GMT time zone and the currency used was GBp. The aggregated information shows that the volume-weighted average price was 167.50p for 100,000 shares on the London Stock Exchange.
This announcement provides a clear insight into C&C Group plc's recent share buyback activities and the subsequent cancellation of purchased shares, in line with the company's previously announced buyback program.