TIDMCSP

RNS Number : 2911P

Countryside Properties PLC

15 October 2021

15 October 2021

Countryside Properties PLC

Conclusion of initial tranche of the share buyback programme

On 7 July 2021, Countryside Properties PLC (the "Company") announced its intention to return surplus cash of at least GBP450 million to shareholders via on-market purchases of ordinary shares in the capital of the Company (the "Programme"). Further to the announcement made earlier today regarding transactions in own shares, the Company is pleased to confirm that the non-discretionary initial tranche of the Programme between the Company, on the one hand, and Barclays Capital Securities Limited, on the other hand, announced on 26 July 2021 has been completed in accordance with its terms.

A further announcement regarding subsequent tranches of the Programme will be made in due course.

Enquiries:

Countryside Properties PLC Tel: +44 (0) 1277 260 000

Iain McPherson - Group Chief Executive

Mike Scott - Group Chief Financial Officer

Victoria Prior - Managing Director, Corporate Affairs

Brunswick Group LLP Tel: +44 (0) 20 7404 5959

Nina Coad

Robin Wrench

Note to editors:

Countryside is the market leader in the delivery of high quality mixed-tenure communities in partnership with housing associations, public bodies and institutional private rental operators, with a strong focus on placemaking and regeneration.

Countryside's differentiated Partnerships business model:

-- Mixed tenure developments, including affordable homes, homes available for institutional private rental and available for private for sale.

-- Over 40 years track record of collaborative working with partners in public and private sectors.

   --    Over 60% of developments on regeneration or brownfield sites. 

-- Increasing use of Modern Methods of Construction, with a target of 50% of all homes to be built using our in-house manufacturing facilities by 2025.

-- Place-making at the heart of everything we do - designing places people love, helping to build successful communities.

-- Committed to high quality design, construction and management, creating a positive legacy for future generations.

For more information see www.countrysideproperties.com or follow @CountrysideProp on Twitter

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSMABATMTIBBTB

(END) Dow Jones Newswires

October 15, 2021 11:44 ET (15:44 GMT)

Countryside Properties (LSE:CSP)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Countryside Properties Charts.
Countryside Properties (LSE:CSP)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Countryside Properties Charts.