Howden Joinery Group Plc (LSE:HWDN) commences share repurchases on May 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase up to 55,455,816 shares, representing 9.91% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid as derived from the London Stock Exchange trading system. The minimum price which may be paid for an ordinary share is 10p.The repurchased shares will be cancelled or held as treasury shares. The program will be valid till the next Annual General Meeting in 2024, or August 4, 2024, whichever is earlier. As of March 17, 2023, the company had 559,796,066 shares in issue and 5,237,907 shares in treasury.

On May 10, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to £25 million worth of its shares. The program will be valid till December 30,2023.