Hill & Smith PLC (HILS), the infrastructure products and galvanising services group listed on the London Stock Exchange, has disclosed the purchase of 42,315 ordinary shares of 25 pence each between 2 and 6 November 2026 as part of its £100 million share buyback programme. The buybacks were executed on-exchange by broker Jefferies International Limited across multiple trading venues. Following settlement and cancellation of the purchased shares, the total number of ordinary shares in issue will stand at 77,887,124. Investors may be watching cumulative progress against the programme, which was originally announced on 13 August 2025.

Key Points

  • Hill & Smith PLC (HILS) — infrastructure products and galvanising services group, London Stock Exchange
  • 42,315 ordinary shares of 25 pence each purchased and cancelled between 2 and 6 November 2026 via Jefferies International Limited
  • 3,007,412 shares purchased in total to date under the £100m buyback programme announced 13 August 2025; shares in issue to stand at 77,887,124 post-settlement
  • Investors should watch the pace of further buyback tranches and the remaining capacity under the £100m programme

42,315 Shares Cancelled as Hill & Smith's £100m Buyback Continues Through Jefferies

Hill & Smith engaged Jefferies International Limited to carry out the purchases across five trading sessions from Monday 2 November to Friday 6 November 2026. All transactions were executed on an on-exchange basis in compliance with the rules of the London Stock Exchange. Purchases were spread across five venues: the London Stock Exchange main market, Chi-X, BATE, Aquis, and Turquoise, reflecting standard multi-venue execution practice for UK listed buyback programmes. The announcement states that all purchased shares will be cancelled rather than held in treasury, directly reducing the company's total share count.

Volume-Weighted Average Prices Declined Through the Week, From 3016p to 2767p

The daily volume-weighted average prices paid on the London Stock Exchange moved notably lower across the five-day period. On Monday 2 November 2026, the LSE volume-weighted average price stood at 3016.50 pence per share, with the highest price paid that day reaching 3055.00 pence. By Friday 6 November 2026, the LSE volume-weighted average had fallen to 2767.26 pence, with the highest price paid on that day recorded at 2800.00 pence and the lowest at 2745.00 pence. The announcement does not provide commentary on the reasons for this price movement during the buyback window.

Total Shares Purchased to Date Reach 3,007,412 Against Hill & Smith's £100m Target

Since the buyback programme commenced following its announcement on 13 August 2025, Hill & Smith has now purchased 3,007,412 ordinary shares in aggregate for cancellation. Following settlement of the latest tranche, the total voting rights in the company will number 77,887,124 ordinary shares. The company notes this figure serves as the denominator shareholders should use when calculating whether they are required to disclose interests or changes in interests under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The company did not disclose the total capital deployed against the £100m programme to date in this announcement.