REG - Colefax Group PLC - Result of Share Buyback and TVR

ColefaxAnnouncement

Tue 07:00

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RNS Number : 5468G  Colefax Group PLC  02 June 2026

AIM: CFX

COLEFAX GROUP PLC

("Colefax" or the "Company")

Result of Share Buyback via Reverse Bookbuild

and

Total Voting Rights

 

Colefax is pleased to announce the final results of the share buyback to
purchase ordinary shares of 10.0 pence each in the Company ("Ordinary Shares")
via a reverse bookbuild (the "Buyback"), following the launch announcement on
28 May 2026 (the "Launch Announcement").

Pursuant to the Buyback, 166,826 Ordinary Shares, amounting to 3.2% of the
issued share capital of the Company, will be acquired at a price of £13.00
per Ordinary Share (the "Buyback Price") for a total consideration of
approximately £2.2 million by Peel Hunt LLP ("Peel Hunt"), acting as
principal. Under the terms of the Repurchase Agreement (as defined in the
Launch Announcement), Peel Hunt has a put option exercisable on 02 June 2026
(or at such later date agreed between Peel Hunt and the Company) to require
the Company to purchase from Peel Hunt the Ordinary Shares purchased pursuant
to the Buyback at the Buyback Price. The Ordinary Shares purchased by the
Company pursuant to the exercise of the put option will be cancelled (the
"Cancellation").

On completion of the Buyback and the Cancellation, the Company's issued
ordinary share capital will be 5,058,732 Ordinary Shares and the total number
of voting rights in the Company will be 5,058,732. This figure may be used by
Shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company, under the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority.

The Company purchasing 100,000 Ordinary Shares from Jupiter Asset Management
Limited constitutes a related party transaction under Rule 13 of the AIM
Rules, due to their status as Substantial Shareholders (as defined under the
AIM Rules). In this context, the Directors of the Company confirm, having
consulted with the Company's nominated adviser, Peel Hunt, that they consider
that Colefax purchasing Ordinary Shares sold by Jupiter Asset Management
Limited in the Buyback to be fair and reasonable insofar as its shareholders
are concerned.

 

Enquiries:

 

 Colefax Group plc                 +44 (0)20 7318 6000

 David Green, Chief Executive

 Rob Barker, Finance Director

 Peel Hunt LLP (NOMAD and broker)  +44 (0)20 7418 8900

 Dan Webster

 Andrew Clark

 Finn Nugent

 KTZ Communications                +44 (0)20 3178 6378

 Katie Tzouliadis

 Robert Morton

Important notice

DISCLAIMER

 

Peel Hunt LLP, which is authorised and regulated by the FCA in the United
Kingdom, is acting for Colefax Group Plc in relation to the Buyback and no one
else and will not be responsible to anyone other than the Company for
providing the protections afforded to the customers of Peel Hunt LLP nor for
providing any advice in relation to the Buyback and/or any other matter
referred to in this announcement.

 

 

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