Informa PLC Transaction in Own Shares (4542Z)

TIDMINF

RNS Number : 4542Z

Informa PLC

12 January 2024

Informa PLC Press Release

12 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 11 January 2024, the Company purchased 260,361 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 768.16 pence per share. The highest and lowest purchase price paid per share were 789.80 and 753.60 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           768.73                  92,624                  753.60                  789.80 
Chi-X (CXE)                     767.70                 125,532                  754.20                  789.00 
BATS (BXE)                      767.42                  30,757                  754.80                  783.20 
AQUIS (AQXE)                    770.53                  11,448                  758.20                  786.40

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 1,374,820,935 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/4542Z_1-2024-1-11.pdf

 
Enquiries 
Richard Menzies-Gow, Director of IR 
 & Communications                           +44 (0) 20 8052 2787 
Heledd Hanscomb, Deputy Company Secretary   +44 (0) 20 8052 0661 
------------------------------------------  --------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSBRGDBDDBDGSB

(END) Dow Jones Newswires

January 12, 2024 02:00 ET (07:00 GMT)

Informa (LSE:INF)
Historical Stock Chart
From May 2024 to Jun 2024