Derwent London (ISIN: GB0002652740) announces that, in accordance with the terms of the £50m share buyback programme (the ‘Buyback Programme’) announced on 12 May 2026, in the week 13 July 2026 to 17 July 2026, it purchased for cancellation 109,110 of its ordinary shares of 5 pence each (the ‘Ordinary Shares’) at an average price of 2,038 pence from UBS AG London Branch (“UBS”) as part of the first £25 million tranche. All shares were purchased subject to the rules of the London Stock Exchange.
To date, the Group has purchased 1,333,467 ordinary shares in aggregate for cancellation in accordance with the Buyback Programme for consideration of £25 million at an average price of 1,875 pence.
This concludes the first tranche undertaken by UBS. The Group has now initiated the second tranche of the Buyback Programme, agreeing to purchase up to £25 million of its ordinary shares through Barclays Bank PLC during the period commencing 20 July 2026 and to be completed no later than 30 September 2026.
Following the above purchases and cancellation of the ordinary shares, the Group will have 110,963,655 ordinary shares in issue. The Group does not hold any shares in Treasury. The total number of voting rights in the Company will therefore be 110,963,655. This information may be used by shareholders to determine whether they are required to notify their interest, or a change in interest, in the Group under the FCA’s Disclosure Guidance and Transparency Rules.