Informa PLC Transaction in Own Shares (4675V)

TIDMINF

RNS Number : 4675V

Informa PLC

10 August 2022

Informa PLC Press Release

10 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 09 August 2022, the Company purchased 432,912 ordinary shares for cancellation through Merrill Lynch International at an average price of 588.6116 pence per share.

The highest and lowest purchase price paid per share were 595.40p and 586.00p 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          588.4174                305,000                 586.0000                595.4000 
Chi-X (CXE)                    588.9473                 90,000                 586.0000                595.2000 
BATS (BXE)                     589.3770                 37,912                 586.0000                595.4000

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 1,446,372,758 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/4675V_1-2022-8-9.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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August 10, 2022 02:00 ET (06:00 GMT)

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