Fuller Smith & Turner PLC: Strategic Share Buyback Moves
In a strategic move to enhance shareholder value, Fuller Smith & Turner PLC, a prominent player in the UK’s hospitality and brewing sector, has continued its share buyback program. The company, known for its independent brewing and pub operations, has been actively purchasing its own shares on the London Stock Exchange, signaling confidence in its long-term prospects.
Recent Transactions
On June 16, 2025, Fuller Smith & Turner announced the purchase of 12,000 ‘A’ ordinary shares at an average price of 593.5p each. This transaction was part of a broader share buyback program initiated on March 14, 2025. The shares were acquired through Numis Securities Limited, with the highest price paid per share reaching 594p and the lowest at 593p. Following this purchase, the company’s treasury holdings increased to 3,813,421 shares, with the total issued share capital standing at 36,822,789 shares.
A subsequent transaction on June 17, 2025, saw the company acquiring an additional 12,000 shares at a uniform price of 591p each. This move further increased the treasury-held shares to 3,825,421, maintaining the company’s commitment to its buyback strategy.
Impact on Shareholder Structure
These transactions have implications for the company’s voting rights structure. As of the latest updates, the total number of listed voting rights stands at 32,997,368, following the June 17 purchase. This figure is crucial for shareholders, as it serves as the denominator in calculations to determine if they need to notify the company of any changes in their shareholdings, in compliance with Disclosure and Transparency Rule 5.6.1.
Market Position and Outlook
Fuller Smith & Turner PLC operates in the Consumer Discretionary sector, specifically within the Hotels, Restaurants & Leisure industry. The company’s diverse portfolio includes pubs, hotels, a cider manufacturing unit, and a pizza and cider business. With a market capitalization of £195,350,000 and a price-to-earnings ratio of 12.78, Fuller Smith & Turner remains a significant entity in its sector.
The share buyback program reflects the company’s strategic focus on returning value to shareholders and optimizing its capital structure. As the company continues to navigate the competitive landscape of the UK hospitality and brewing industry, these financial maneuvers underscore its commitment to growth and shareholder engagement.
For more information, visit Fuller Smith & Turner’s official website at www.fullers.co.uk .