Launch of Share Buyback Programme
15 May 2026
Keystone, the premier tech-enabled platform law firm, is pleased to announce the launch of a £1.5 million on-market share buyback programme (the "Buyback").
The Buyback will commence immediately and will be funded from the Group's existing cash resources. All shares repurchased will be held in treasury with a view to using such shares for the purpose of fulfilling commitments under the Group's Long Term Incentive Plan or will be cancelled.
Keystone has entered into an irrevocable instruction with Panmure Liberum Limited ("Panmure Liberum"), pursuant to which Panmure Liberum will purchase the Company's ordinary shares of £0.002 each ("Ordinary Shares") for up to a maximum consideration of £1.5 million.
The Buyback will be effected under the general authority to repurchase a maximum of 14.99% of the Company's share capital granted by the shareholders at the Company's 2025 annual general meeting ("AGM") and such renewed authority as may be granted by shareholders at the Company's 2026 AGM, scheduled to take place at 10.00 a.m. on Thursday, 18 June 2026. Panmure Liberum will make its trading decisions in relation to the Ordinary Shares independently of, and uninfluenced by, the Company, within the terms and pre-set parameters of the Buyback.
Any purchase of Ordinary Shares under the Buyback will take place in open market transactions and may be made depending on market conditions, share price and trading volumes. The Buyback will be carried out in accordance with Chapter 12 of the UK Financial Conduct Authority's Listing Rules, and Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052 (both as they form part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), including where relevant pursuant to the UK Market Abuse Regulation.
The Company will make further announcements in due course following the completion of any repurchases. There is no guarantee that the Buyback will be implemented in full or that any Ordinary Shares will be repurchased by the Company.
For further information please contact:
Keystone Law Group plc
James Knight, Chief Executive Officer
Ashley Miller, Finance Director
+44 (0) 20 3319 3700
Panmure Liberum Limited (Nominated Adviser and Joint Broker)
Atholl Tweedie (Corporate Finance)
Rupert Dearden (Corporate Broking)
www.panmureliberum.com
+44 (0) 20 7886 2500
Investec Bank plc (Joint Broker)
Carlton Nelson
James Rudd
+44 (0) 20 7597 5970
Vigo Consulting (Financial Public Relations)
Jeremy Garcia
Fiona Hetherington
keystonelaw@vigoconsulting.com
+44 (0)207 390 0233
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").
Notes to editors
Keystone (AIM: KEYS) the premier tech-enabled platform law firm. It is a highly scalable business with an organic growth strategy which has a proven record of delivering sustainable growth since its IPO in 2018. Ranked within the UK Top 100 law firms, Keystone provides conventional legal services in a £14bn addressable market through its differentiated platform model which has three defining characteristics:
- Lawyers have freedom, flexibility and autonomy, and are paid up to 75% of what they bill.
- Lawyers determine how, when and where they work, in contrast to the conventional law firm model.
- Lawyers are provided full infrastructure and support via its central office team, bespoke user-friendly IT platform, and network of colleagues and events.
Keystone is a full-service law firm, with extensive experience across a wide range of sectors and specialisms. With nearly 500 high calibre self-employed Principal lawyers, supported by over 150 other fee earners, Keystone delivers dynamic services to its client base which ranges from fast growing start-ups to multinational corporations and high net worth individuals.
More information about Keystone can be found at www.keystonelaw.co.uk.