MOON.L

Moonpig Group
Moonpig Group Plc - Share Repurchase Programme
5th November 2024, 07:00
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5 November 2024

Moonpig Group plc

Share Repurchase Programme

Moonpig Group plc (the "Company") announces that further to the announcement on
16 October 2024, it is today commencing a share buyback programme (the "Share
Buyback Programme") to repurchase up to £25m of its ordinary shares (the
"Shares").

The Share Buyback Programme will run from the date of this announcement until
either 30 April 2025 or until notified by the Company. The Company's policy with
respect to share buybacks is that it will only conduct share buybacks when they
use excess capital and they are earnings enhancing.

The Share Buyback Programme will operate under the authority granted at the
Company's 2024 Annual General Meeting, by which the Company was authorised to
repurchase up to a maximum amount of 34,362,148 Shares (the "Share Buyback
Authority"). The purpose of the Share Buyback Programme is to return excess
capital to shareholders and reduce the capital of the Company. Shares bought
back under the Share Buyback Programme are intended to be cancelled.

In order to implement the Share Buyback Programme, J.P. Morgan Securities plc
("JPMS plc") shall purchase ordinary shares as riskless principal (and not as
agent of the Company) for the subsequent sale on to, and purchase by, the
Company. JPMS plc will make its trading decisions in relation to the ordinary
shares independently of, and uninfluenced by, the Company, and in accordance
with certain pre-set parameters agreed with the Company. Any purchases of
Ordinary Shares under the Share Buyback Programme will be carried out on the
London Stock Exchange and in accordance with (and subject to the limits
prescribed by) the Share Buyback Authority, Chapter 9 of the Financial Conduct
Authority's Listing Rules, Article 5(1) of the Market Abuse Regulation (EU) No
596/2014 (as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended (the "Withdrawal Act")) and the Commission
Delegated Regulation (EU) No 2016/1052 (as it forms part of domestic law by
virtue of the Withdrawal Act).

Enquiries:

Moonpig Group      investors@moonpig.com, pressoffice@moonpig.com
Nickyl Raithatha,
Chief Executive
Officer
Andy MacKinnon,
Chief Financial
Officer

About Moonpig:

Moonpig Group plc (the "Group") is a leading online greeting cards and gifting
platform, comprising the Moonpig, Red Letter Days and Buyagift brands in the UK
and the Greetz brand in the Netherlands. The Group is the online market leader
in cards in both of its markets and is also the UK market leader in gift
experiences.

The Group's leading customer proposition includes an extensive range of cards, a
curated range of gifts, personalisation features and next day delivery offering.

The Group offers its products through its proprietary technology platforms and
apps, which utilise unique data science capabilities designed by the Group to
optimise and personalise the customer experience and provide scalability. Learn
more at https://www.moonpig.group/.

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