Jet2 PLC (JET2), the UK leisure travel group, has announced the purchase of 189,370 ordinary shares of 1.25p each between 2 and 6 November 2026, executed through broker Jefferies International Limited as part of its ongoing share buyback programme. The purchases form the first tranche of a programme originally announced on 8 July 2026, following shareholder authority granted at the Annual General Meeting on 3 September 2026. All acquired shares are to be cancelled, reducing the total shares in issue to 184,062,081, with no shares held in treasury. Investors tracking ownership thresholds under FCA Disclosure Guidance and Transparency Rules should use this updated denominator figure.

Key Points

  • Jet2 PLC (JET2), AIM-listed UK leisure travel group operating Jet2holidays and Jet2.com
  • 189,370 ordinary shares purchased and cancelled between 2 and 6 November 2026 via Jefferies International Limited
  • Volume-weighted average prices ranged from £14.5498 to £14.9870 across the five trading days; highest single price paid was £15.13 on 5 November 2026
  • Investors should monitor further tranches under the buyback programme announced on 8 July 2026

Daily Buyback Volumes and Prices Across Five Trading Sessions in November 2026

Jet2 purchased shares across five consecutive trading days, with daily volumes ranging from 29,815 shares on 6 November to 45,909 shares on 3 November 2026. The volume-weighted average price per share rose during the week, moving from £14.5613 on 2 November to £14.9254 on 6 November. The highest price paid across the entire period was £15.13 per share, recorded on 5 November 2026, while the lowest was £14.27, recorded on 2 November. Trades were executed across multiple venues, including AIM, BATE, CHIX, TRQX, and AQXE, in line with standard market practice for buyback programmes of this nature.

Jet2 to Cancel All 189,370 Shares, Cutting Total Issued Share Capital

The company has confirmed its intention to cancel all 189,370 ordinary shares acquired during this tranche rather than hold them in treasury. Following cancellation, Jet2's total ordinary shares in issue will stand at 184,062,081. The announcement states that this figure serves as the reference denominator for shareholders calculating whether they are required to notify interests or changes in interests under the FCA's Disclosure Guidance and Transparency Rules. Cancellation of shares reduces the overall share count, which is a mechanism commonly used to return value to remaining shareholders by consolidating the ownership base.

Buyback Programme Authorised Under September 2026 AGM Shareholder Mandate

The buyback programme through which these shares were acquired was first announced on 8 July 2026, with formal shareholder authority granted at Jet2's Annual General Meeting held on 3 September 2026. Jefferies International Limited acted as the purchasing broker on the company's behalf. Jet2 operates as a leisure travel group comprising Jet2holidays, the UK's leading ATOL-protected package holiday provider, and Jet2.com, the UK's third largest airline by passenger numbers. The group currently operates from 14 UK airport bases and in its financial year ended 31 March 2026, over 63% of flown passengers travelled on an end-to-end package holiday.