C&C Group plc has announced the purchase of its own ordinary shares on the London Stock Exchange from J&E Davy. The company purchased 153,504 ordinary shares at prices ranging from 167.00p to 170.00p per share, with a volume-weighted average price of 168.70p. 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 389,034,991 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 Programme 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 the number of shares purchased at different prices on the London Stock Exchange. The intermediary involved in the transaction is J&E Davy, with the relevant codes and time zone information provided.
This announcement provides a comprehensive overview of C&C Group plc's recent transaction in its own shares, offering insight into the company's buyback program and the specific details of the share purchase on the London Stock Exchange.