Young’s launches £10m share buyback programme
It comes as Young’s last week reported a ‘record’ half-year performance, as sales rose by 5.4% to £263.6m while adjusted EBITDA rose 5.9% to £62.5m
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Young’s has launched a share buyback programme worth up to £10m as part of plans to reduce its share capital.
The programme starts today (17 November) and will run no later than 30 September 2026, or the business day before the company’s 2026 annual meeting.
The programme will focus mainly on repurchasing the group’s non-voting ordinary shares. All shares bought under the mandate will be cancelled.
Young’s has issued “irrevocable and non-discretionary” instructions to brokers Peel Hunt and Stifel Nicolaus Europe to conduct the purchases. The brokers will act as riskless or matched principals and will make trading decisions independently of the company.
The buybacks will take place through open market transactions under the authority granted to directors at the 2025 annual meeting. The maximum number of shares the company may purchase under that authority is 6,209,684.
Young’s added that the programme will be carried out in line with UK rules derived from the Market Abuse Regulation and its associated delegated regulation.
It comes as Young’s last week reported a “record” half-year performance, as sales rose by 5.4% to £263.6m while adjusted EBITDA rose 5.9% to £62.5m.
In the period ended 29 September 2025, 5.7% like-for-like sales rose from a combination of Young’s “well-invested, premium estate and the excellent weather during late spring and early summer”, according to the group.
Young’s did however acknowledge the “continued pressures” from National Living Wage increases, National Insurance and food inflation.
