Taylor Wimpey launched a £52.3 million share buyback programme
The programme will run until June 30, 2026
Citigroup Global Markets Limited is facilitating the buyback
The company will hold 25 million shares in treasury and cancel the rest
The buyback is authorized by the company's AGM held in April 2025
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Taylor Wimpey plc announced in London on May 3, 2026, the launch of a £52.3 million share buyback programme through an arrangement with Citigroup Global Markets Limited, with the goal of reducing the company's share capital. The homebuilder will purchase its ordinary shares of 1 pence each through the programme, which commenced on the announcement date and will run until June 30, 2026. Citigroup will act as riskless principal for the simultaneous on-sale of the shares to the company and will make trading decisions independently of Taylor Wimpey. The maximum amount allocated to the buyback is £52,330,000, excluding associated fees, expenses and stamp duty. Taylor Wimpey intends to hold 25 million of the purchased shares in treasury, while the remaining shares acquired under the programme will be cancelled. The buyback operates under the company's general authority granted at its Annual General Meeting on April 30, 2025, which permits repurchasing up to 354,006,117 shares and will be conducted in accordance with the Market Abuse Regulation and UK Listing Rules.
🏷️ Themes
Corporate Finance, Share Repurchase, Real Estate Market
Taylor Wimpey plc (formerly Taylor Woodrow plc) is a home construction company in the United Kingdom. The company was created from the merger of rivals Taylor Woodrow and George Wimpey on 3 July 2007. Its headquarters are based in High Wycombe, England.
The London Stock Exchange (LSE) is a global stock exchange based in Paternoster Square in the City of London, England. Founded in 1801, it is one of the world's oldest continuously operating stock exchanges. As of mid-2025, the exchange had a total market capitalisation of approximately US$5.9 trill...
Share repurchase, also known as share buyback or stock buyback, is the reacquisition by a company of its own shares. It is an alternative way of returning money to shareholders than dividends. After a repurchase event, the company's stock price is now proportionally higher because of the smaller num...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices jump over 4% as Middle East war escalates, fuels supply fears Iran conflict latest: Hegseth says Iran conflict has "only just begun" Gold hands back gains as US dollar rebounds; Middle East war continues Gold prices rebound from previous session’s hefty drop, helped by weaker dollar (South Africa Philippines Nigeria) Taylor Wimpey launches £52.3m share buyback programme By Company News Published 03/05/2026, 02:07 AM Taylor Wimpey launches £52.3m share buyback programme 0 TW -2.63% LONDON - Taylor Wimpey plc announced today it has initiated a share buyback programme worth up to £52.3 million through an arrangement with Citigroup Global Markets Limited. The homebuilder will purchase its ordinary shares of 1 pence each through the programme, which commenced today and will run until June 30, 2026. Citigroup will act as riskless principal for the simultaneous on-sale of the shares to the company and will make trading decisions independently of Taylor Wimpey. The maximum amount allocated to the buyback is £52,330,000, excluding associated fees, expenses and stamp duty. The programme’s stated purpose is to reduce the company’s share capital. Taylor Wimpey intends to hold 25 million of the purchased shares in treasury, while the remaining shares acquired under the programme will be cancelled. Share purchases will be executed on the London Stock Exchange. The buyback operates under the company’s general authority to repurchase shares granted at its Annual General Meeting on April 30, 2025. That authority permits the company to buy back a maximum of 354,006,117 shares. The programme will be conducted in accordance with the Market Abuse Regulation and Commission Delegated Regulation as they form part of UK domestic law, as well as Chapter 9 of the UK Listing Rules, according to a press release statement. Taylor Wimpey stated it will make further announcements following any repurchase of shares under the progr...
