Chemring Group PLC has announced that it has purchased 87,204 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 262.5 pence and the highest price per share was 271.5 pence, with a weighted average price per day of 267.3916 pence. The company intends to cancel the purchased shares. This purchase is part of the buyback program that was announced by the company on August 1, 2023. The aggregate information shows that the volume-weighted average price was 267.3916 pence, with a total volume of 87,204 shares. The lowest price per share was 262.50 pence and the highest price per share was 271.50 pence.

The schedule of purchases provides a breakdown of the individual trades made by Investec on behalf of the company as part of the buyback program. The trades were made on October 5, 2023, at various times throughout the day. The number of shares purchased ranged from 28 to 6,757, with prices per share ranging from 262.50 pence to 270.00 pence. The trading venue for all the transactions was XLON.

This transaction in own shares is in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law. The company has not provided any further information regarding the purpose or impact of the buyback program or the cancellation of the purchased shares.