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on Fullers Smith & Turner PLC (isin : GB00B1YPC344)

Fuller's Expansion and Financial Strategy Update

Fuller, Smith & Turner PLC has successfully secured a new £185 million bank facility, giving the company significant financial flexibility until August 2028. This move, coupled with the announcement of a new buyback program for up to one million ‘A’ shares, underlines Fuller's strategic focus on enhancing shareholder returns. The recent acquisition of the iconic White Swan pub in Twickenham further bolsters Fuller's portfolio, particularly in South West London.

The company has also completed a full buy-in of its pension plan with Legal & General, showcasing financial prudence and risk management. As the end of the financial year approaches, Fuller’s reports continued strong trading momentum, aligning with market expectations. CEO Simon Emeny expressed confidence in meeting targets and emphasized the company's commitment to long-term growth and shareholder value.

R. E.

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