Informa PLC Transaction in Own Shares (1400J)
December 09 2022 - 2:00AM
UK Regulatory
TIDMINF
RNS Number : 1400J
Informa PLC
09 December 2022
Informa PLC Press Release
09 December 2022
Informa Share Buyback Programme
Update on GAP 2 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 2 ('GAP 2').
Share Buyback Programme
GAP 2 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 2 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 08 December 2022, the Company
purchased 314,499 ordinary shares for cancellation through Morgan
Stanley & Co. International plc at an average price of 621.22
pence per share.
The highest and lowest purchase price paid per share were 624.80
and 617.60 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 621.32 97,918 619.00 624.20
Chi-X (CXE) 621.17 159,587 618.20 624.80
BATS (BXE) 621.33 44,668 617.60 624.20
AQUIS (AQXE) 620.70 12,326 619.00 623.80
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
1,422,625,661 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/1400J_1-2022-12-8.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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