Berkeley Group Holdings Undertakes Strategic Share Buyback and Immediate Cancellation

Berkeley Group Holdings Plc, a revered name in the housing development industry, has made a strategic financial decision. Underscoring its confidence in a bright corporate future, the company purchased 40,000 of its ordinary shares as part of a planned buyback scheme. Barclays Bank Plc facilitated the purchase. However, in a fascinating twist, the company has immediately cancelled these shares rather than holding them as Treasury shares.

The transaction in question involved ordinary shares with a nominal worth of 5.6110477936 pence each. Prices for the shares fluctuated in the transaction, with the highest price paid per share being 3758p and the lowest 3692p. The volume-weighted average price paid per share sat at 3731.8434p. The exact date of the transaction was the 11th of April, 2025.

The result of this manoeuvre has brought the total share count in issue, excluding treasury shares, to 99,415,731. To maintain standardised reporting and transparency, this figure has been put forward as the one to be used by shareholders when determining if they are required to notify their interest in the company or any changes to their interest under the Financial Conduct Authority’s Disclose Guidance and Transparency Rules.

This timely announcement was made in line with the LR 12.4.6R reporting requirements. As with all sensitive data, transaction details and implications have been shared in accordance with the most stringent guidelines with all stakeholders being duly notified.