Trustpilot Group plc (TRST), the consumer review platform listed on the London Stock Exchange, has announced the purchase of 27,200 of its ordinary shares between 21 and 23 October 2026 as part of its ongoing share buyback programme. The transactions were executed through Deutsche Bank AG, London Branch, trading as Deutsche Numis, across three consecutive trading sessions. Since the buyback programme commenced on 25 March 2026, the company has now repurchased a cumulative total of 6,137,569 ordinary shares at a cost of approximately £15,770,883, excluding dealing and associated costs. All purchased shares are earmarked for cancellation.

Key Points

  • Trustpilot Group plc (TRST), listed on the London Stock Exchange
  • The company purchased 27,200 ordinary shares of £0.01 each between 21 and 23 October 2026 via Deutsche Numis
  • Cumulative buyback total since 25 March 2026 stands at 6,137,569 shares at approximately £15,770,883 excluding dealing costs; all shares are to be cancelled
  • Investors should watch for further buyback tranches as the programme announced on 17 March 2026 continues

Daily Breakdown of Trustpilot's 21–23 October Share Purchases via Deutsche Numis

The company purchased 9,000 shares on 21 October 2026 at a volume weighted average price (VWAP) of 276.0348p, with prices ranging from 275.00p to 279.40p. On 22 October, 9,100 shares were acquired at a VWAP of 272.8743p, with prices between 269.40p and 277.00p. A further 9,100 shares were bought on 23 October at a VWAP of 272.4745p, ranging from 270.60p to 273.40p. All transactions were conducted on the London Stock Exchange, with full individual trade schedules made available via the London Stock Exchange's regulatory news service in accordance with UK market abuse regulations.

Trustpilot's Buyback Programme: Cumulative Progress Since March 2026 Launch

Trustpilot's share buyback programme was first announced on 17 March 2026 and commenced on 25 March 2026. As of 23 October 2026, the company has repurchased 6,137,569 ordinary shares in aggregate for approximately £15,770,883, excluding dealing and associated costs. The programme is being executed through Deutsche Numis acting as sole broker. The company has stated its intention to cancel all shares purchased under the programme, which reduces the total number of ordinary shares in circulation and may influence earnings per share calculations over time, though the company has not issued specific guidance on this effect.

Share Cancellation Strategy and Regulatory Compliance at Trustpilot

By cancelling all repurchased shares rather than holding them as treasury shares, Trustpilot is pursuing a strategy that directly reduces its issued share capital. The buyback is conducted in compliance with Article 5(1)(b) of Regulation (EU) No 596/2014, as incorporated into UK domestic law through the European Union (Withdrawal) Act 2018. Trustpilot, which operates a global online review platform used by consumers and businesses to assess trust and reputation, is headquartered in the United Kingdom and serves markets internationally. Investor relations enquiries are handled by Louise Bryant, Head of Investor Relations, contactable directly at the company.