Informa PLC Transaction in Own Shares (2526S)
November 03 2023 - 3:05AM
UK Regulatory
TIDMINF
RNS Number : 2526S
Informa PLC
03 November 2023
Informa PLC Press Release
03 November 2023
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 a
GBP1bn Share Buyback Programme.
As part of this Share Buyback, on 02 November 2023, the Company
purchased 435,923 ordinary shares for cancellation through Morgan
Stanley & Co. International plc at an average price of 725.32
pence per share. The highest and lowest purchase price paid per
share were 728.60 and 720.00 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 725.07 166,498 720.00 728.60
Chi-X (CXE) 725.47 207,046 720.60 728.60
BATS (BXE) 725.47 58,143 720.60 728.60
AQUIS (AQXE) 725.30 4,236 721.20 726.00
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
1,378,776,264 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/2526S_1-2023-11-2.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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