TIDMTEP

RNS Number : 2056U

Telecom Plus PLC

22 November 2023

22 November 2023

Telecom Plus PLC

("Telecom Plus" or the "Company")

Launch of Share Buyback Programme

Telecom Plus today announces that it intends to commence a new share buyback programme in respect of its ordinary shares of GBP0.05 each ("Ordinary Shares") up to a maximum consideration of GBP10 million from the date of this announcement (the "Share Buyback Programme").

Details of the Share Buyback Programme

Telecom Plus has given irrevocable and non-discretionary instructions to Peel Hunt LLP ("Peel Hunt") in relation to the Share Buyback Programme, which will commence on 22 November 2023. Peel Hunt will act as principal during the Share Buyback Programme and will make trading decisions concerning the timing of the purchases of Ordinary Shares independently of the Company.

The maximum amount allocated to the Share Buyback Programme is GBP10 million. Any market repurchase of Ordinary Shares will be announced no later than 7:30 a.m. on the business day following the calendar day on which the repurchase occurred. All Ordinary Shares repurchased will be held as treasury shares.

Any purchases of Ordinary Shares contemplated by this announcement will be effected within certain pre-set parameters. These arrangements are in accordance with the general authority granted by the Company's shareholders at its Annual General Meeting held on 4 August 2023 (the "2023 AGM"), Chapter 12 of the Listing Rules, and those provisions of Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) dealing with buyback programmes.

Details of the authority granted at the 2023 AGM can be found on our website under: https://otp.tools.investis.com/clients/uk/telecom_plus/rns/regulatory-story.aspx?cid=2653&newsid=1707606

Enquiries:

For more information, please contact:

 
 Telecom Plus PLC 
  Stuart Burnett 
  Andrew Lindsay 
  Nick Schoenfeld                                 020 8955 5000 
 Peel Hunt 
  Dan Webster / Andrew Clark                      020 7418 8900 
 Deutsche Numis 
  Mark Lander / Joshua Hughes                     020 7260 1000 
 For investor relations: 
  Julian Wais                                      07720 999764 
                                                 jwais@uw.co.uk 
 For media relations: 
  Lansons Communications LLP        07860 101715 / 07783 387713 
                                   utilitywarehouse@lansons.com 
  Tom Baldock / Ed Hooper

LEI code: 549300QGHDX5UKE58G86

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November 22, 2023 02:00 ET (07:00 GMT)

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