M.P. Evans Group Finalizes Share Buyback, Cancelling 2,355 Shares at Average Price of 1,636.68 Pence

Details of M.P. Evans Group’s Share Buyback Execution

M.P. Evans Group PLC has completed a share repurchase programme involving the acquisition and cancellation of 2,355 ordinary shares on 17 July 2026. The company employed Cavendish Capital Markets Limited as its broker to execute the purchases on the London Stock Exchange. This buyback is part of the company’s capital management strategy aimed at enhancing shareholder value by reducing the number of shares outstanding.

The shares were purchased within a price range of 1,606.00 pence to 1,680.00 pence per share, with a volume weighted average price of 1,636.68 pence. All transactions took place on the AIMX trading venue. The disclosure complies with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014, retained in UK law following the European Union Withdrawal Act 2018.

Revised Share Capital and Voting Rights After Cancellation

Following the cancellation of the 2,355 shares, M.P. Evans Group PLC now has 52,159,904 shares in issue, all carrying equal voting rights. The company holds no shares in treasury. This updated share count is disclosed to shareholders as it represents the denominator for calculating voting interests and notification thresholds under the Financial Conduct Authority Disclosure and Transparency Rules.

The permanent reduction in issued share capital increases the economic and voting stake of remaining shareholders on a per-share basis, reflecting a strategic capital management decision.

Broker Role in Facilitating the Share Repurchase

Cavendish Capital Markets Limited acted as the appointed broker for the buyback, ensuring compliance with regulatory and market conduct rules. As the company’s Nomad and joint broker, Cavendish Capital Markets executed the transactions at arm’s length, adhering to market abuse regulations and takeover code requirements.

The use of a professional broker underscores M.P. Evans Group’s commitment to transparency and regulatory compliance throughout the repurchase process. Detailed disclosure of individual trades and aggregated volume and pricing data protects non-participating shareholders and maintains market integrity.

Regulatory Compliance and Disclosure Obligations Fulfilled

M.P. Evans Group has provided full disclosure of the share buyback details, including purchase date, number of shares acquired, price range, and volume weighted average price, in accordance with London Stock Exchange regulations. This ensures transparent communication to investors and market participants regarding changes to issued share capital and voting rights.

The disclosure is made pursuant to Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014, which remains effective under UK law post-Brexit. The inclusion of trading venue (AIMX) and aggregated volume data highlights the company’s thorough regulatory adherence.

Share Price Range and Execution Pricing Analysis

The repurchase was conducted within a price band reflecting market conditions on 17 July 2026, with a low of 1,606.00 pence and a high of 1,680.00 pence per share. The volume weighted average price of 1,636.68 pence represents the average cost across all purchases during the session.

The 74 pence spread between the highest and lowest prices indicates typical intra-day market fluctuations. The achieved average price suggests a balanced execution, providing insight into the capital deployed and value received by shareholders through the buyback.

Capital Management Strategy and Impact on Shareholder Value

This share repurchase reflects M.P. Evans Group’s strategic use of cash resources to return value to shareholders by reducing issued share capital. By cancelling the repurchased shares, the company increases earnings, net asset value, and voting rights on a per-share basis for remaining shareholders.

Buyback programmes are typically pursued when management assesses shares to be fairly valued or undervalued compared to alternative capital uses. This action signals confidence in the company’s intrinsic value and strategic outlook. Shareholders retaining their shares benefit from enhanced per-share metrics following the reduction in share count.

Investor and Media Contact Information

For enquiries related to this transaction, M.P. Evans Group PLC’s senior management team is available, including Chairman Peter Hadsley-Chaplin, Chief Executive Matthew Coulson, and Chief Financial Officer Luke Shaw. The company’s main contact number is +44 (0) 1892 516333. Joint brokers and advisors include Cavendish Capital Markets Limited (+44 (0) 20 7220 0500; contacts Matt Goode and George Lawson), Canaccord Genuity Limited (+44 (0) 20 7523 4500; contacts Henry Fitzgerald-O'Connor and George Grainger), and Alma Strategic Communications (+44 (0) 20 3405 0205) serving as financial public relations adviser.

Overview of M.P. Evans Group as a Publicly Listed Company

M.P. Evans Group PLC is listed on the London Stock Exchange under ticker MPE and is regulated by the Financial Conduct Authority. The company complies with Listing Rules, Disclosure and Transparency Rules, and the UK Market Abuse Regulation, ensuring timely and equal access to material information for shareholders.

Listing provides a regulated platform for equity capital access and imposes governance, reporting, and disclosure responsibilities beyond those of private entities. The share buyback is a significant corporate action disclosed in line with these requirements, keeping shareholders and market participants fully informed about capital structure and voting rights changes.

Effect on Share Registry and Notification Thresholds

The updated share count of 52,159,904 is critical for shareholders to calculate notification thresholds under FCA rules. Shareholders must notify the company and FCA if their voting rights exceed specified percentages (e.g., 3%, 5%, 10%, etc.). The reduced share count increases the percentage represented by a fixed number of shares, potentially triggering notification obligations.

Shareholders are advised to reassess their holdings against the new total to ensure compliance with disclosure requirements. The company has provided this figure to facilitate accurate calculations and regulatory adherence.