Foxtons Group PLC Engages in Share Buyback for Cancellation: What Does This Mean for Shareholders?

In a significant move, British estate agency Foxtons Group PLC has purchased 500,000 of its own shares for cancellation. This is part of a larger share buyback and cancellation programme the company announced last April as part of its market strategy. The shares were purchased through Singer Capital Markets. The purchase, which took place on 17th April 2025, was executed at 0.575 GBp per share.

As per the details provided, the shares were bought in batches at different times and then scheduled for cancellation. Upon the completion of this cancellation process, 26,072,428 ordinary shares will be held in the treasury, while the number of shares in issue will be 326,944,668. As a result of this operation, the company’s total number of voting rights will stand at 300,872,240.