Young & Co’s Brew. UK Regulatory Announcement: Launch of Share Buyback Programme

LONDON--(BUSINESS WIRE)-- 

YOUNG & CO.'S BREWERY, P.L.C. (“Young’s” or the “Company”)

LAUNCH OF SHARE BUYBACK PROGRAMME

Young’s, the premium operator of pubs and bedrooms in London and the South of England, announces that, following the renewal of its share buyback authorities at yesterday’s AGM, it is today commencing a new share buyback programme in respect of its A ordinary and non-voting ordinary shares of 12.5 pence each (collectively, the “Shares”) for a maximum aggregate consideration of up to £10 million (the "Share Buyback Programme"). This follows the conclusion of the share buyback programme launched in November 2025 and is in line with the Company’s capital allocation policy.

The purpose of the Share Buyback Programme is to reduce the Company’s share capital and to meet obligations arising from the Company’s share option programmes. The Share Buyback Programme will continue to principally focus on purchasing the Company’s non-voting ordinary shares; however, it will also purchase the Company’s A ordinary shares where liquidity in the non-voting shares is limited. All non-voting ordinary shares purchased by the Company under the Share Buyback Programme will be cancelled, whilst the A ordinary shares purchased will be held in treasury to meet obligations arising from share option programmes or otherwise cancelled.

Details of the Share Buyback Programme

Young’s has given irrevocable and non-discretionary instruction to Peel Hunt LLP (the "Broker") in relation to the Share Buyback Programme, which will commence today and will end no later than the 30^th of September 2027 or, if earlier, the business day prior to the Company's AGM to be held in 2027. The Broker will act as a "riskless" or "matched" principal for the purposes of the Share Buyback Programme, within certain parameters, and will make its trading decisions concerning the purchases of Shares independently of the Company.

Shares purchased under the Share Buyback Programme will take place in open market transactions and in accordance with the general authority to purchase Shares granted to the Directors of the Company (the "Directors") by its shareholders at the Company's AGM in 2026 (the "2026 Authority"). The maximum number of Shares which the Company is authorised to purchase under the 2025 Authority (and therefore the Share Buyback Programme) is 6,080,530. The Share Buyback Programme will be conducted in accordance with Article 5(1) of Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) (“EUWA”) (“UK MAR”) and the provisions of Commission Delegated Regulation (EU) 2016/1052, as it forms part of UK domestic law by virtue of the EUWA.

The maximum price paid per Share will be no more than the higher of (i) an amount equal to 5% above the average of the middle market quotations for a Share of that class as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which that Share is contracted to be purchased; and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time.

Young’s will announce any purchase of Shares under the Share Buyback Programme no later than the end of the seventh daily market session following the calendar day on which the purchase occurred.

The Company will make further regulatory announcements in respect of repurchases of Shares as required by UK MAR and the FCA’s UK Listing Rules and Disclosure Guidance and Transparency Rules.

For further information, please contact:

Young & Co's Brewery PLC