Telecom Plus PLC (TEP), the UK multi-utility services provider that markets energy, broadband, and telecoms products through its Utility Warehouse brand, has announced the purchase of 80,876 ordinary shares of 5p each during the week of 2–6 November 2026 through Investec Bank PLC. The buyback was executed entirely on the London Stock Exchange, with volume-weighted average prices ranging from 913.96p to 946.90p across the five trading days. All purchased shares will be held in treasury, the company confirmed. The disclosure is made in accordance with Market Abuse Regulation requirements as applied under UK law, and investors may be watching the programme's progress as the total treasury holding continues to grow.

Key Points

  • Telecom Plus PLC (TEP) — UK multi-utility services group operating under the Utility Warehouse brand
  • The company purchased 80,876 ordinary 5p shares via Investec Bank PLC between 2 and 6 November 2026 on the London Stock Exchange
  • Volume-weighted average prices ranged from 913.96p on 2 November to 946.90p on 5 November; all shares to be held in treasury
  • Investors should watch the updated denominator of 76,248,937 shares, now applicable for FCA disclosure threshold calculations

Daily Breakdown of Telecom Plus Share Purchases from 2 to 6 November 2026

Across the five trading sessions, Telecom Plus purchased between 15,147 and 16,835 shares per day. On 2 November, 16,835 shares were acquired at a volume-weighted average price of 913.96p, with prices ranging from 900p to 919p. On 3 November, 16,401 shares were bought at an average of 921.92p. On 4 November, 16,464 shares were purchased at 931.07p, rising to a high of 945p. On 5 November, 16,029 shares were acquired at the week's highest average of 946.90p, with prices reaching 954p. On 6 November, volume fell to 15,147 shares at an average of 909.43p, with prices between 902p and 933p.

Telecom Plus Treasury Holdings and Updated Share Capital Following November Buybacks

Following the completion of this week's purchases, Telecom Plus now holds 5,402,868 ordinary shares in treasury. The total number of ordinary shares in issue stands at 81,651,805. As a result of the treasury shares being excluded, the company has confirmed that the figure of 76,248,937 should be used by shareholders as the denominator when calculating whether they are required to disclose interests or changes in interests under the FCA's Disclosure Guidance and Transparency Rules — an important practical consideration for major institutional and significant individual investors.

Investec Bank Executing Buyback on Behalf of Telecom Plus Under UK Market Abuse Regulation

The buyback is being conducted by Investec Bank PLC on behalf of Telecom Plus in compliance with Article 5(1)(b) of the Market Abuse Regulation as incorporated into UK law following the country's departure from the European Union. A full breakdown of individual trades has been published by the company via the London Stock Exchange's RNS service. The company has provided contact details for further information, with David Baxter listed as the named point of contact. The announcement did not disclose the total monetary value of shares repurchased across the week.