Countryside Partnerships PLC Share Buyback Programme (2500M)

TIDMCSP

RNS Number : 2500M

Countryside Partnerships PLC

20 May 2022

Countryside Partnerships PLC

Conclusion of tranche of the share buyback programme

On 7 July 2021, Countryside Partnerships 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 tranche of the Programme between the Company, on the one hand, and Numis Securities Limited, on the other hand, announced on 31 March 2022 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 Partnerships PLC Tel: [phone]

John Martin - Interim Group Chief Executive

Tim Lawlor - Group Chief Financial Officer

Victoria Prior - Managing Director, Corporate Affairs

Brunswick Group LLP Tel: [phone]

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.countrysidepartnerships.com or follow @CountrysidePPlc on Twitter

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May 20, 2022 04:35 ET (08:35 GMT)