FGP.L

FirstGroup Plc
FirstGroup Plc - Launch of £50m share buyback programme
10th June 2025, 10:13
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10 June 2025

FirstGroup plc

Launch of£50 millionshare buyback programme

Earlier today, FirstGroup plc ("FirstGroup" or the "Group") announced an on
-market share buyback programme to purchase up to £50m of ordinary shares of 5p
(the "£50m Programme").

The £50m Programme will commence tomorrow and is anticipated to end no later
than 10 June 2026, subject to market conditions.

Notwithstanding the authority granted at its AGM on 26 July 2024, and
recognising the buyback programme undertaken between 15 November 2024 and 20
March 2025, the Group confirms the £50m Programme will be limited to 61,760,540
shares. This number being 14.99% of the Company's issued share capital on 14
November 2024 (which was 92,258,761) less the 30,498,221 shares purchased in the
buyback programme that completed on 20 March 2025.

The Group has entered into a non-discretionary arrangement with Panmure Liberum
Limited ("Panmure Liberum") and RBC Europe Limited ("RBC") which will enable the
purchase of ordinary shares for the £50m Programme to continue through close
periods.

The £50m Programme will be undertaken in two tranches of up to £25m, with RBC
undertaking the first tranche and Panmure Liberum undertaking the second
tranche, both acting severally as riskless principal.  The second tranche will
commence following completion of the first tranche.

The sole purpose of the £50m Programme is to reduce the issued share capital of
the Group and therefore the repurchased shares will initially be held in
Treasury, before being cancelled at a later date. Treasury shares are not
entitled to dividends and have no voting rights at general meetings.

Any purchase of Ordinary Shares pursuant to the £50m Programme will be announced
no later than 7:30 a.m. on the business day following the day on which the
purchase occurs.

The £50m Programme will be conducted within certain pre-set parameters including
those prescribed by the Market Abuse Regulation 596/2014 (as it forms part of
domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018
(as amended) and Chapter 9 of the Listing Rules.

Contacts at FirstGroup:
David Blizzard, Company Secretary

Marianna Bowes, Head of Investor Relations
Tel: +44 (0) 20 7725 3354
Contacts at Panmure Liberum Limited:        Contacts at RBC Europe Limited:
Nicholas How / John More                    James Agnew / James Maitland
Tel: +44 (0) 20 3100 2000                   Tel: +44 (0) 20 7653 4000

Forward-looking statements

Certain statements included or incorporated by reference within this
announcement may constitute 'forward-looking statements' with respect to the
business, strategy and plans of the Group and our current goals, assumptions and
expectations relating to our future financial condition, performance and
results. By their nature, forward-looking statements involve known and unknown
risks, assumptions, uncertainties and other factors that cause actual results,
performance or achievements of the Group to be materially different from any
future results, performance or achievements expressed or implied by such forward
-looking statements. No statement in this announcement should be construed as a
profit forecast for any period. Shareholders are cautioned not to place undue
reliance on the forward-looking statements. Except as required by the UK Listing
Rules and applicable law, the Group does not undertake any obligation to update
or change any forward-looking statements to reflect events occurring after the
date of this announcement.

Notes

Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93. Classification as per DTR 6
Annex 1R: 2.4.

About FirstGroup

FirstGroup plc (LSE: FGP.L) is a leading private sector provider of public
transport services. With £5.1 billion in revenue and around 30,000 employees, we
transported almost 2m passengers a day in FY 2025. We create solutions that
reduce complexity, making travel smoother and life easier. Our businesses are at
the heart of our communities and the essential services we provide are critical
to delivering wider economic, social and environmental goals. Each of our
divisions is a leader in its field: First Bus is one of the largest bus
operators in the UK, serving more than 25% of the population in the UK with a
fleet of c.5,800 buses, and carrying more than a million passengers a day. First
Rail is one of the UK's most experienced rail operators, with many years of
experience running long-distance, commuter, regional and sleeper rail services.
We operate a fleet of c.3,800 locomotives and rail carriages through two DfT
contracted train operating companies: WCP (incorporating Avanti West Coast and
West Coast Partnership Development) and GWR, and two open access routes (Hull
Trains and Lumo). We are formally committed to operating a zero emission First
Bus commercial fleet by 2035, and First Rail will help support the UK
Government's goal to remove all diesel-only trains from service by 2040. During
FY 2025 FirstGroup received MSCI's highest possible ESG rating of AAA, was named
one of the world's cleanest 200 public companies for the sixth consecutive year
and holds an Industry Top-Rated status with Sustainalytics and Sustainability
Yearbook membership with S&P Global. We provide easy and convenient mobility,
improving quality of life by connecting people and communities. Visit our
website at www.firstgroupplc.com and follow us @firstgroupplc on X.

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