Informa PLC Press
Release
05 March 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 £150m to £1.15bn.
As part of the extended Share Buyback, on 04
March 2024, the Company purchased 246,220 ordinary shares for
cancellation through Morgan Stanley & Co. International plc at
an average price of 812.27 pence per share. The highest and lowest
purchase price paid per share were 813.80 and 808.60 respectively,
with the aggregate details of shares purchased by trading venue as
outlined in the table below:
|
Trading venue
|
Weighted average price paid
per share (GBp)
|
Aggregate number of shares
purchased
|
Lowest price paid per
share
(GBp)
|
Highest price paid per
share
(GBp)
|
|
London Stock
Exchange
|
812.32
|
94,934
|
808.60
|
813.80
|
|
Chi-X (CXE)
|
812.27
|
114,671
|
808.60
|
813.80
|
|
BATS (BXE)
|
812.25
|
22,994
|
808.60
|
813.80
|
|
AQUIS
(AQXE)
|
812.05
|
13,621
|
808.60
|
813.80
|
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 1,365,409,746 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/5307F_1-2024-3-4.pdf
|
Enquiries
|
|
|
Richard Menzies-Gow,
Director of IR & Communications
|
+44 (0) 20 8052 2787
|
|
Heledd Hanscomb, Deputy
Company Secretary
|
+44 (0) 20 8052 0661
|