C&C Group PLC has announced the purchase of its ordinary shares on the London Stock Exchange from J&E Davy. On April 22, 2024, the company bought 40,000 ordinary shares at a volume-weighted average price of 163.20p per share. 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.
The buyback program was formally commenced on 1 March 2024 and is in line with the company's strategy to return value to its shareholders. Following the settlement of these transactions and the subsequent share cancellation, C&C will have 390,371,412 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. This is in accordance with the Market Abuse Regulation.
For further information, the company has provided contact details for Mark Chilton, the Company Secretary and General Counsel. The announcement also includes aggregated information about the trading venue, currency, volume-weighted average price, and aggregated volume.
This move reflects C&C Group PLC's commitment to enhancing shareholder value and optimizing its capital structure.