Chemring Group PLC has announced the purchase of 24,230 of its ordinary shares of 1 pence each through Investec Bank plc. The shares were bought on 11th March 2024 at prices ranging from 347.5 pence to 350.0 pence per share, with a weighted average price of 349.3599 pence per share. The company intends to cancel the purchased shares.

The detailed breakdown of the individual trades made by Investec on behalf of the Company as part of the buyback program includes various transactions on the XLON trading venue. The trades range from 1 share to 905 shares, with prices per share ranging from 347.5 pence to 350.0 pence.

This buyback program was announced by the Company on 1 August 2023. The aggregate information shows that the volume-weighted average price was 349.3599 pence, with a total of 24,230 shares purchased. The lowest price per share was 347.50 pence, and the highest price per share was 350.00 pence.

The announcement provides transparency and compliance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law. The Company's decision to repurchase its own shares demonstrates its confidence in its financial position and long-term outlook.