Share Buyback Programme
On 27 February 2025, Jupiter announced a share buyback programme (the “Programme”) to purchase a maximum aggregate amount of £13.9 million ordinary shares of 2 pence each in the capital of the Company (“Ordinary Shares”).
The Company entered into a non-discretionary agreement with Numis Securities Limited (“Deutsche Numis”) to conduct the Programme on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal.
The Programme commenced on 3 March 2025 and is expected to be completed by no later than 31 July 2025.
The repurchased shares are being held in treasury for the purposes of meeting obligations arising from the employee share awards. This capital therefore remains available in the short-term, but otherwise it is probable that these shares will be cancelled over time.
Deutsche Numis will make trading decisions in relation to the Programme independently of the Company. During any closed periods, the Company and its Directors will have no power to invoke any changes to the Programme, and it will be executed at the sole discretion of Deutsche Numis.
Any purchases of Ordinary Shares under the Programme will be carried out on the London Stock Exchange in accordance with (and subject to the limits prescribed by) the Company’s general authority to repurchase shares granted by its shareholders at the annual general meeting on 9 May 2024 (“2024 Authority”). The maximum number of Ordinary Shares which may be repurchased under the 2024 Authority is 16,349,385.
A summary of the daily transaction details is available here.
Total voting rights
Details of the total voting rights in our Company and where TR-1 notifications should be sent.
The Company’s issued share capital comprises 544,979,510 ordinary shares of 2 pence each. Each ordinary share carries the right to one vote at a general meeting of the Company. As a result of the Share Buyback Programme, the total voting rights in the Company are changing daily. The Company’s daily announcements should be referenced for the latest share capital information. The Company may not exercise any right to vote attached to Treasury shares.
The total voting rights figure as included in the most recent daily announcement pursuant to the Share Buyback Programme may be used by shareholders and others with notification obligations as their denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules. Major shareholder notifications under the Disclosure Guidance and Transparency Rules should be sent to: compsec@jupiteram.com