Howden Joinery Group PLC Puts Wheel into Motion for Share Buybacks, Crediting Numis Securities Limited for Execution
In a strategic financial move, Howden Joinery Group PLC, the renowned distributor of kitchens and joinery products has made waves in the financial world through its latest share repurchase initiative. The company disclosed that on 17 April 2025, it repurchased a total of 75,000 of its ordinary shares at an average price of 720.04 pence per share. These transactions were performed through Numis Securities Limited. The shares were subsequently cancelled post-buyback. The highest price paid for a share in this lot was 724.50p and the lowest price was 716.50p, offering a glimpse into the share price volatility during the transaction period. Further to this transaction, the company now has 3,201,593 shares in the treasury and a grand total of 549,035,474 shares in issue, excluding those held as treasury shares. This figure represents the total voting rights within the company. Shareholders can use this number as the denominator for the calculations to ascertain their voting power and regulatory notification requirements under the FCA’s Disclosure Guidance and Transparency Rules. This latest move by the Howden Joinery Group PLC is as per the LR 9.6.6 requirements. Each individual trade executed by Numis Securities on behalf of the company as part of this buyback initiative is being recorded meticulously, in accordance with the Market Abuse Regulation. The news of these transactions emanate from the Financial Conduct Authority’s approved information provider, RNS - the news service of the London Stock Exchange.
- •Transaction in Own Shares investegate.co.uk17-04-2025