M.P. Evans Group Finalizes Share Buyback, Cancelling 971 Shares at Average Price of 1,688.35 Pence

Details of Share Repurchase and Execution Process

M.P. Evans Group Plc announced the conclusion of its share repurchase programme involving the acquisition and cancellation of 971 ordinary shares of 10 pence each. The transaction was conducted on 24 July 2026 through Cavendish Capital Markets Limited, acting as the company’s broker on the London Stock Exchange. Share prices during the purchase ranged from a low of 1,680.00 pence to a high of 1,696.00 pence per share.

The buyback was executed with a volume-weighted average price of 1,688.35 pence, indicating the company successfully completed the transaction within a narrow trading range. This pricing transparency offers shareholders insight into the capital deployed during the repurchase window and allows assessment of the transaction’s execution quality at prevailing market rates.

Effect on Issued Share Capital and Voting Rights

After cancelling the repurchased shares, M.P. Evans Group’s total issued share capital has decreased to 52,154,278 shares. All shares carry equal voting rights, and the company holds no treasury shares, meaning the entire issued share capital represents active shares in circulation.

This updated share count serves as the official denominator for shareholders to calculate their voting interests under the Financial Conduct Authority’s Disclosure and Transparency Rules. It is essential for shareholders to use this figure when determining whether their holdings trigger notification requirements under FCA regulations.

Regulatory Compliance and Transparency

The company’s announcement complies with Article 5(1)(b) of the UK’s version of Regulation (EU) No. 596/2014, retained in UK law via the European Union (Withdrawal) Act 2018. This regulation mandates detailed disclosure of share repurchase transactions to ensure market transparency.

The disclosed transaction details confirm that all 971 shares were repurchased on AIMX (the AIM exchange) with a volume-weighted average price of 1,688.35 pence per share, conducted through a regulated market. This level of detail underscores M.P. Evans Group’s commitment to regulatory adherence and investor transparency.

Company Overview and Capital Allocation Strategy

M.P. Evans Group Plc, listed on the UK stock market, operates under the guidance of chairman Peter Hadsley-Chaplin, chief executive Matthew Coulson, and chief financial officer Luke Shaw. The company’s broker and nominated adviser is Cavendish Capital Markets.

The share buyback reflects the board’s strategic capital allocation decision, signaling management’s view that repurchasing shares at current market prices is beneficial for shareholders. By cancelling the repurchased shares instead of holding them in treasury, the company permanently reduces its share count, potentially enhancing earnings per share and shareholder returns. The modest scale of this repurchase—971 shares from over 52 million—suggests it may be part of a phased or ongoing buyback programme.

Market Execution on the London Stock Exchange

The shares were acquired on the London Stock Exchange, where M.P. Evans Group’s ordinary shares are listed. The transaction’s narrow price band of 16 pence, from 1,680 to 1,696 pence, indicates stable market conditions or concentrated purchase timing during the session.

Cavendish Capital Markets acted as the executing broker, providing professional market execution services that help manage trading impact and ensure compliance with share buyback regulations. This broker arrangement also supports audit trails and regulatory documentation.

Shareholder Notification and Threshold Implications

M.P. Evans Group advises shareholders to use the updated total issued share capital of 52,154,278 shares as the basis for calculating voting interests under FCA Disclosure and Transparency Rules. These rules require notification when holdings cross specified thresholds ranging from 3% to 90%.

Because the share count has decreased, shareholders holding a constant number of shares will experience a slight increase in their proportional voting percentage. This adjustment is important for shareholders near regulatory thresholds, who may need to reassess their notification obligations.

Capital Management and Shareholder Value

The buyback strategy focuses on reducing shares outstanding rather than distributing cash dividends, which can be advantageous if management believes shares are undervalued or surplus capital exists. Cancelling shares reduces future dividend liabilities and may improve earnings per share metrics for remaining shareholders.

The announcement does not disclose financial results or future buyback plans, but the board’s approval indicates confidence in this capital allocation approach. Investors should watch for further updates on potential ongoing repurchase activity.

Contact Details and Governance Structure

M.P. Evans Group Plc provides contact information for inquiries at +44 (0) 1892 516333. The company’s leadership includes Chairman Peter Hadsley-Chaplin, CEO Matthew Coulson, and CFO Luke Shaw. Cavendish Capital Markets Limited serves as nominated adviser and joint broker, with Canaccord Genuity Limited also acting as joint broker. Alma Strategic Communications is the financial public relations adviser.

This governance and advisory framework supports effective investor relations and regulatory compliance, ensuring transparency surrounding the share repurchase programme.

Investor Considerations and Future Monitoring

Investors should note that the current issued share capital of 52,154,278 shares will be the reference figure for voting interest calculations unless further share transactions occur. The company has not indicated whether additional buybacks are planned.

With no shares held in treasury, all issued shares represent active voting stock, reflecting a permanent reduction in share capital. This approach differs from companies that retain repurchased shares for future corporate uses, underscoring M.P. Evans Group’s commitment to permanent capital reduction.