Informa PLC Transaction in Own Shares (2764H)
November 23 2022 - 2:44AM
UK Regulatory
TIDMINF
RNS Number : 2764H
Informa PLC
23 November 2022
Informa PLC Press Release
23 November 2022
Informa Share Buyback Programme
Update on GAP II shareholder returns
Informa (LSE: INF.L), the international Academic Markets, B2B
Markets and Digital Services 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 includes accelerated
investment in its two businesses with scale leadership positions,
B2B Markets and Academic Markets, and the divestment of its Informa
Intelligence portfolio of businesses.
GAP II also includes a commitment to accelerate shareholder
returns, sharing some of the divestment proceeds with shareholders,
alongside increased investment into the Group's two leadership
businesses. This led to the resumption of ordinary dividends and
the commencement of a Share Buyback Programme. Following the
completion of the divestment of the Informa Intelligence Division,
Informa expanded this Share Buyback Programme up to GBP725m.
As part of this Share Buyback, on 22 November 2022, the Company
purchased 315,205 ordinary shares for cancellation through Morgan
Stanley & Co. International plc at an average price of 601.23
pence per share.
The highest and lowest purchase price paid per share were 606.80
and 595.40 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 601.71 131,146 595.40 606.80
Chi-X (CXE) 600.76 137,658 596.00 606.80
BATS (BXE) 601.13 36,762 597.00 606.80
AQUIS (AQXE) 601.67 9,639 598.00 606.80
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
1,426,397,257 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/2764H_1-2022-11-22.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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