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 154.00p to 156.00p, with a volume-weighted average price of 154.92p. 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 the settlement of these transactions and the subsequent share cancellation, C&C will have 392,088,912 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. This information is in accordance with Article 5(1)(b) of the Market Abuse Regulation.
For further details, the company has provided contact information for Mark Chilton, the Company Secretary and General Counsel. The announcement also includes aggregated information such as the trading venue, currency, volume-weighted average price, and a breakdown of the number of shares and prices per share at different times of the transactions on the London Stock Exchange.
This announcement provides transparency into C&C Group PLC's recent share buyback activities and its commitment to returning value to its shareholders through the buyback program.