TIDMFUTR
RNS Number : 2263I
Future PLC
03 August 2023
For immediate release
3 August 2023
Future plc
("Future" or the "Company")
Result of General Meeting
The Board is pleased to note that the special resolution to give
authority for an on-market share buyback programme (the Share
Buyback Authority) was passed with the requisite majority of
votes.
The results of votes cast by proxy for the resolution were as
follows:
Resolution Votes for % Votes % Total % of Votes withheld
against votes ISC*
voted
1 102,833,633 99.99% 5,474 0.01% 102,839,107 85.09% 261,102
------------ ------ --------- ----- ----------- ------- ---------------
* Issued share capital
Notes:
1. As at the date of the General Meeting, the Company had
120,860,223 ordinary shares in issue. The Company did not hold any
shares in treasury and therefore the number of total voting rights
as at the date of the General Meeting was 120,860,223 .
2. The full text of the resolution is set out in the notice of
general meeting, which can be found on page 4 of the Circular.
3. Percentages are expressed as a proportion of the total votes cast.
4. A vote withheld is not a vote in law and is not included in
the calculation of the votes "For" or "Against" the resolution.
5. Any proxy appointments which gave discretion to the Chair
have been included in the "For" total.
Commencement of Share Buyback Programme
Future plc (LSE: FUTR) the global platform for intent-led
specialist media, is
pleased to announce that, further to its announcements on 10
July and 19 July 2023, in respect of a proposal to return up to
GBP45 million of cash to its shareholders, through the means of an
on-market share buyback programme (the Share Buyback Programme),
Future intends to commence the Share Buyback Programme from
tomorrow, 4 August 2023 and, if necessary, to continue it until 30
May 2024.
The Programme will operate under the Share Buyback Authority
granted at the general meeting held today, 3 August 2023, (the
General Meeting) and within the regulatory limit on the quantity of
shares the Company may purchase on any single day.
In order to implement the Share Buyback Programme, the Company
has entered into an irrevocable, non-discretionary agreement with
Numis Securities Limited
(Numis) to conduct the Share Buyback Programme on its behalf and
carry out
on-market purchases of ordinary shares of 15p each in the
capital of the Company (Ordinary Shares), acting as riskless
principal, and to on-sell such Ordinary Shares to the Company. The
Company intends to cancel the Ordinary Shares it purchases through
the Share Buyback Programme. Numis will make trading decisions in
relation to the Share Buyback Programme independently of the
Company. Any purchases of Ordinary Shares under the Share Buyback
Programme will be carried out on the London Stock Exchange and/or
other recognised investment exchanges in accordance with certain
pre-set parameters set out in the agreement with Numis and in
accordance with (and subject to the limits prescribed by) the Share
Buyback Authority, Chapter 12 of the Financial Conduct Authority's
Listing Rules, Article 5(1) of the Market Abuse Regulation (EU) No
596/2014 (as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended (the Withdrawal
Act)), the Commission Delegated Regulation (EU) No 2016/1052 (as it
forms part of domestic law by virtue of the Withdrawal Act) and
other applicable laws. No repurchases of Ordinary Shares under the
Share Buyback Programme will be made in or into the United
States.
Future will announce any market repurchase of Ordinary Shares no
later than
7.30 a.m. on the business day following the calendar day on
which the repurchase
occurred.
Enquiries
Future plc
Jon Steinberg, Chief Executive Officer +44 (0)122 544 2244
Penny Ladkin-Brand, Chief Financial Officer
Marion Le Bot, Head of Investor Relations +44(0)777 564 1509
Media
Headland +44 (0) 203 805 4822
Stephen Malthouse, Rob Walker, Charlie Twigg
future@headlandconsultancy.com
Legal Entity Identifier (LEI) : 213800K2581YRLEXV353
About Future
Future is a digital-first global platform for intent-led
specialist media. Underpinned by leading technology and enabled by
data, we operate c.250 brands in diversified content verticals,
across our B2C and B2B divisions with multiple market leading
positions and three core monetisation frameworks: advertising,
eCommerce affiliate and direct consumer monetisation. We organise
our brands by specialist interest and have four main content
verticals with 16 subcategories ranging from Consumer Technology
and Home to Wealth and Women's Lifestyle. Our content is published
and distributed through a range of formats including websites,
email newsletters, videos, magazines and live events. The
successful execution of our strategy is focused on three pillars:
organic growth, the platform effect and value-creating M&A.
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END
ROMKXLBBXVLLBBE
(END) Dow Jones Newswires
August 03, 2023 05:28 ET (09:28 GMT)
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