LONDON - RS Group PLC announced the launch of a share buyback programme to purchase up to £100 million of its ordinary shares.
The buyback will run for 12 months, ending no later than May 19, 2027.
The company announced the initiative alongside its full-year results for the financial year ended March 31, 2026.
RS Group has appointed Barclays Bank PLC to manage the buyback on a riskless principal basis. Barclays will make trading decisions independently.
All purchased shares will be cancelled. The shares have a nominal value of 10 pence each.
The buyback aims to reduce the company's share capital.
It will be conducted under existing shareholder authority granted at the annual general meeting on July 17, 2025.
RS Group stated the buyback aligns with its capital allocation policy and that it intends to maintain a progressive dividend policy.
The buyback will comply with the Financial Conduct Authority's Listing Rules and market abuse regulations.
