Pets at Home Group Plc has disclosed the purchase of 125,000 of its Ordinary Shares of £0.01 each through Deutsche Numis as part of its Share Buyback Programme. The shares were bought at prices ranging from 300.60 GBp to 305.00 GBp, with a volume-weighted average price of 303.0881 GBp per share. Following the purchase, the company will have 466,017,856 Ordinary Shares in issue, with none held in treasury, resulting in a total of 466,017,856 voting rights in the company.
The company stated that the purchased shares will be cancelled, and the remaining number of Ordinary Shares in issue will be adjusted accordingly. This figure for the total number of voting rights may be used by shareholders and others with notification obligations to determine if 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.
In compliance with the Market Abuse Regulation, detailed information of the individual trades made by Deutsche Numis as part of the Share Buyback Programme was provided. The table contains the number of ordinary shares purchased, transaction prices, and the time of each transaction, among other details.
The disclosed transactions provide transparency into the company's efforts to manage its capital structure and optimize its capital allocation. This move also impacts the company's outstanding shares and voting rights, which is crucial information for shareholders and others with notification obligations.