Informa PLC Transaction in Own Shares (0119V)
August 05 2022 - 2:00AM
UK Regulatory
TIDMINF
RNS Number : 0119V
Informa PLC
05 August 2022
Informa PLC Press Release
05 August 2022
Informa Share Buyback Programme
Update on GAP II shareholder returns
Informa (LSE: INF.L), the international B2B Markets, Knowledge
Services and Business Intelligence Group today provided an update
on its Share Buyback Programme that forms part of the 2021-2024
Growth Acceleration Plan II ('GAP II').
Share Buyback Programme
GAP II is Informa's four-year programme to create a more
focused, higher growth business. This will see the Group accelerate
investment in its two businesses with scale leadership positions,
B2B Markets and Academic Markets, and divest of its Informa
Intelligence portfolio of businesses.
As announced on 16 June 2022, following completion of the Pharma
Intelligence divestment, the Company further expanded its Share
Buyback Programme to GBP725m, an increase from the GBP300m
announced within the Company's 2021 Full Year Results Statement on
15 March. This represents c.50% of the post-tax cash proceeds
received to date from the delivery of GAP II Portfolio Focus.
As part of this extension, on 04 August 2022, the Company
purchased 419,074 ordinary shares for cancellation through Merrill
Lynch International at an average price of 588.1735 pence per
share.
The highest and lowest purchase price paid per share were 598.0p
and 573.0p respectively, with the aggregate details of shares
purchased by trading venue as outlined in the table below:
Trading venue Weighted average price Aggregate number of Lowest price paid per Highest price paid per
paid per share (GBp) shares purchased share share
(GBp) (GBp)
London Stock Exchange 588.3328 261,000 573.0000 598.0000
Chi-X (CXE) 588.5286 84,000 574.2000 597.6000
BATS (BXE) 587.2095 74,074 574.2000 597.6000
Following settlement of the above purchases and cancellation of
the purchased ordinary shares, the Company's total number of
ordinary shares in issue, and its total voting rights, will be
1,447,666,766 ordinary shares. The Company does not hold any shares
in Treasury.
In accordance with Article 5(1)(b) of the Market Abuse
Regulation, a full breakdown of the individual trades made as part
of the buyback programme is detailed in the attachment.
http://www.rns-pdf.londonstockexchange.com/rns/0119V_1-2022-8-4.pdf
Enquiries
Richard Menzies-Gow, Director of IR
& Communications +44 (0) 20 8052 2787
Heledd Hanscomb, Deputy Company Secretary +44 (0) 20 8052 0661
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END
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