Moonpig Group plc (MOON.L), an online greeting cards and gifting platform, announced Thursday that it has commenced a share buyback programme for the first half of the fiscal 2027 to repurchase up to 32.5 million pounds of its ordinary shares.
The programme runs until either October 31, 2026, or earlier as notified by the company. The Buyback will be operated under the authority granted at the Company's 2025 Annual General Meeting, which allowed repurchases of up to 33.01 million Shares. As of May 6, 2026, remaining headroom under this authority was around 14.81 million Shares.
Moonpig stated that it conducts buybacks only using excess capital when they are earnings enhancing.
The programme's purpose is to return excess capital to shareholders and reduce the Company's capital. All repurchased Shares will be cancelled, the company said in a statement.
J.P. Morgan Securities plc will execute the purchases as riskless principal, making independent trading decisions within pre-set parameters agreed with Moonpig.
The buyback is separate from shares bought for the Moonpig Group Employee Benefit Trust, which included 1.97 million shares for approximately 4.3 million pounds, as announced on May 6.
On the LSE, shares of Moonpig were gaining 1.58 percent, trading at 219.00 pence.
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