Informa PLC Transaction in Own Shares (7206Y)
January 05 2024 - 2:00AM
UK Regulatory
TIDMINF
RNS Number : 7206Y
Informa PLC
05 January 2024
Informa PLC Press Release
05 January 2024
Informa Share Buyback Programme
Update on GAP 2 shareholder returns
Informa PLC ('the Company') (LSE: INF.L), the international B2B
Events, Specialist Data, Digital Services and Academic Markets
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 launch of a Share Buyback Programme.
On 14 November 2023, this buyback programme was extended by
GBP150m to GBP1.15bn.
As part of the extended Share Buyback, on 04 January 2024, the
Company purchased 259,043 ordinary shares for cancellation through
Morgan Stanley & Co. International plc at an average price of
772.07 pence per share. The highest and lowest purchase price paid
per share were 775.60 and 768.00 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 772.28 78,232 768.40 775.60
Chi-X (CXE) 772.00 128,727 768.00 775.60
BATS (BXE) 771.96 32,831 768.00 775.60
AQUIS (AQXE) 771.92 19,253 768.80 775.60
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
1,367,253,458 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/7206Y_1-2024-1-4.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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