Informa PLC Transaction in Own Shares (9900H)

TIDMINF

RNS Number : 9900H

Informa PLC

30 November 2022

Informa PLC Press Release

30 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 29 November 2022, the Company purchased 304,135 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 610.91 pence per share.

The highest and lowest purchase price paid per share were 613.40 and 607.40 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           610.96                  94,542                  608.20                  613.40 
Chi-X (CXE)                     610.87                 155,385                  607.40                  612.80 
BATS (BXE)                      610.91                  41,321                  608.60                  612.80 
AQUIS (AQXE)                    610.84                  12,887                  608.80                  612.20

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 1,424,833,307 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/9900H_1-2022-11-29.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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November 30, 2022 02:00 ET (07:00 GMT)

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