Dowlais Group PLC has announced the purchase of 175,000 of its ordinary shares of 1 penny each through Investec Bank plc as part of its £50 million share buy-back program. The shares were purchased on 2nd May 2024, with the lowest price per share at 82.15 pence and the highest at 83.6 pence, resulting in a weighted average price per day of 82.8913 pence. The company intends to cancel the purchased shares, and as a result, it holds no ordinary shares in treasury and has 1,389,203,636 ordinary shares in issue.

Following this transaction, the total number of voting rights in the company will be 1,389,203,636. This figure may be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules.

The company provided an aggregate breakdown of the individual trades made by Investec on behalf of the company as part of the program. The trades included various volumes and prices per share, with the trading venue listed as XLON. The detailed breakdown of the individual trades is provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law.

This announcement provides transparency regarding the company's share buy-back program and the specific details of the recent share purchases, offering insight into the company's financial activities and its commitment to returning value to its shareholders.