**Summary**
Fuller, Smith & Turner PLC (FSTA) announced on January 21, 2026, the initiation of a new share buyback programme, following the completion of its previous programme on August 28, 2025. The company has arranged with Deutsche Bank AG, London Branch (trading as Deutsche Numis) to repurchase up to 1 million "A" Ordinary Shares of 40 pence each. This decision aligns with the companys capital allocation strategy, reflecting the Boards belief that the current share price is undervalued relative to the companys underlying net asset value. The programme aims to support long-term sustainable growth, enhance earnings per share, and deliver value to shareholders.
Purchases will be conducted on the London Stock Exchange in compliance with Listing Rules and shareholder authorizations. Due to limited liquidity in the "A" Ordinary Shares, daily buybacks may represent a significant portion of trading volume, potentially exceeding 25% of the average daily volume, thus not benefiting from certain regulatory exemptions. All market purchases under the programme will be announced by 7:30 a.m. on the business day following the transaction. The announcement is for informational purposes only and does not constitute an offer or invitation to buy or sell securities.