RS Group plc Buys Back 296,208 Shares in Latest Phase of £100 Million Repurchase Plan, Total Shares Now 471 Million

Detailed Overview of RS Group's Share Repurchases from 13 to 15 July 2026

During the week commencing 13 July 2026, RS Group plc executed share buybacks on three trading days through Barclays Bank plc acting as principal. On 13 July, the company acquired 102,215 ordinary shares at prices between 613.0 pence and 630.0 pence, with a volume-weighted average price of 624.5298 pence. On 14 July, RS Group purchased 97,392 shares at prices ranging from 627.0 pence to 644.0 pence, achieving a volume-weighted average of 637.5038 pence. On 15 July, the final day of the week’s activity, 96,601 shares were bought at prices between 638.0 pence and 650.0 pence, with a volume-weighted average price of 645.7541 pence. All transactions were conducted on the London Stock Exchange as on-exchange trades in compliance with LSE regulations.

The share price showed an upward trend over the three days, starting at 613.0 pence on 13 July and reaching a high of 650.0 pence on 15 July, reflecting market dynamics during this period. Each day’s purchases were executed through multiple trades, ranging from as few as two shares to several thousand per transaction, depending on market conditions and execution strategy.

Progress and Execution Since Launch of £100 Million Buyback Programme in May 2026

RS Group plc announced its £100 million share repurchase programme on 20 May 2026, authorizing systematic buybacks for cancellation. Since inception, the company has repurchased a total of 3,032,468 ordinary shares of 10 pence each. This reflects steady progress in deploying the authorised capital over the two-month period from May through July 2026, aligning with the board’s capital allocation objectives.

The phased buyback approach enables RS Group to manage market impact while maintaining flexibility in timing. Weekly disclosures of purchase activity provide transparency to shareholders and the market. All purchases are executed as on-exchange transactions via Barclays Bank plc on the London Stock Exchange, ensuring compliance with UK Listing Rules and Market Abuse Regulation. This disciplined strategy supports capital return to shareholders while reducing the share count.

Updated Share Capital and Voting Rights Following Recent Buybacks

After the latest repurchases and subsequent cancellations, RS Group plc’s share capital now consists of exactly 471,017,000 ordinary shares of 10 pence each. The company holds no treasury shares, meaning all outstanding shares are held by external investors. Each ordinary share carries one vote, resulting in a total of 471,017,000 voting rights outstanding.

This clear capital structure simplifies shareholder voting calculations and ensures transparency for shareholder meetings, quorum, and dividend entitlements. The absence of treasury shares eliminates complexities related to shares held by the company itself, reflecting strong corporate governance and clear communication with investors.

Summary of Daily Share Purchase Prices and Volume-Weighted Averages

On Monday, 13 July 2026, RS Group acquired 102,215 shares at prices ranging from 613.0 pence to 630.0 pence, with a volume-weighted average price of 624.5298 pence. Tuesday, 14 July saw purchases of 97,392 shares between 627.0 pence and 644.0 pence, with an average price of 637.5038 pence, up approximately 12.98 pence from the previous day. On Wednesday, 15 July, the company bought 96,601 shares at prices from 638.0 pence to 650.0 pence, achieving the highest volume-weighted average price of 645.7541 pence. This upward price trend reflects prevailing market conditions and RS Group’s commitment to continuing repurchases despite rising prices.

Compliance with Market Abuse Regulation and Transaction-Level Transparency

RS Group plc’s announcement includes detailed disclosures of individual transactions executed by Barclays Bank plc as part of the buyback programme. This complies with Article 5(1)(b) of the Market Abuse Regulation, requiring issuers to provide granular transaction data to ensure transparency and prevent market abuse. The disclosures include exact timestamps, share quantities, transaction prices, and unique London Stock Exchange reference numbers.

On 13 July alone, over 100 individual trades occurred between 08:08:32 and 16:28:57, with trade sizes ranging from two shares to 2,169 shares. Most trades involved between 300 and 1,200 shares. This high frequency of small transactions supports efficient price discovery and minimizes market impact, confirming that all trades were executed during standard market hours at arm’s-length prices.

RS Group plc Business Overview and Capital Return Strategy

RS Group plc distributes electronics, maintenance, and industrial supplies to diverse customers across various geographic markets. The company sources products from manufacturers and suppliers, delivering them to resellers, maintenance contractors, and industrial operators. This model generates recurring revenue through product volume and transaction margins. With strong cash flow and market presence, RS Group is positioned to return capital to shareholders via share buybacks while continuing to invest in its core operations.

The £100 million repurchase programme announced on 20 May 2026 demonstrates the board’s confidence in the company’s financial strength. Reducing shares outstanding can enhance earnings per share without requiring profit growth. This capital return balances investment in distribution, technology, and working capital with direct shareholder returns. Conducting buybacks on the London Stock Exchange ensures fairness and market integrity.

Regulatory Compliance and On-Exchange Transaction Execution

All share purchases during the week of 13 to 17 July 2026 were executed as on-exchange trades on the London Stock Exchange, adhering to LSE rules and UK financial regulations. This transparent approach prevents preferential pricing or market manipulation and reflects RS Group’s commitment to regulatory compliance and fair dealing.

The announcement complies with UK Listing Rule 9.6.6, which mandates disclosure of share repurchases either transaction-by-transaction or aggregated weekly. RS Group opts for weekly aggregate reporting with detailed transaction data, providing shareholders and the market with regular updates on programme progress and share count reduction.

Share Cancellation and Impact on Issued Capital

All shares repurchased under the programme are immediately cancelled, permanently reducing issued share capital. Unlike some programmes that hold shares in treasury for future use, RS Group cancels all repurchased shares, simplifying capital structure and ensuring earnings and dividends are distributed among fewer shareholders. This approach aligns with management’s strategy to enhance shareholder value through capital reduction rather than retaining shares for potential future corporate actions.

Ongoing Weekly Reporting and Future Programme Outlook

RS Group plc commits to weekly announcements detailing share repurchase activity as the £100 million programme progresses. This consistent reporting provides transparency on capital deployment pace and cumulative share reductions. The programme’s completion timeline remains flexible, dependent on market conditions, share prices, and capital allocation priorities. Investors are encouraged to monitor weekly updates to assess the programme’s progress and expected completion.