Johnson Matthey PLC Share buyback programme
24 Septiembre 2024 - 1:00AM
RNS Regulatory News
RNS Number : 3311F
Johnson Matthey PLC
24 September 2024
24th September
2024
Johnson Matthey Plc
Share buyback programme
On 3rd July 2024, Johnson
Matthey Plc ("JM" or the "Company") announced its intention to
conduct a share buyback programme to purchase ordinary shares of
110 49/53 pence each in the Company
("Ordinary Shares") for up to a maximum consideration of £250m (the
"Buyback").
The first tranche of this Buyback
(up to a maximum consideration of £125m) commenced on
3rd July 2024 and completed on 23rd September
2024, in accordance with its terms.
The Company announces that the
second tranche of the Buyback of up to £125m will commence today
and end no later than 24th January 2025. Purchases of
the Company's ordinary shares will commence immediately.
The Company has entered into an
irrevocable, non-discretionary agreement with Citigroup Global
Markets Limited ("Citi") to manage the Programme, pursuant to which
Citi will purchase Johnson Matthey Ordinary Shares (acting as
principal) for subsequent repurchase by the Company. Citi will make
trading decisions under the Programme independently of JM.
Purchases may continue during any closed period to
which the Company is subject.
The sole purpose of the Programme is
to reduce the share capital of the Company. All shares repurchased
under the Programme will be cancelled.
The maximum number of shares that
may be repurchased under the Buyback is 18,393,997 shares, being
the number of shares the Company is authorised to purchase pursuant
to the authority granted by shareholders at the Company's 2024
Annual General Meeting (the "2024 AGM") and any subsequent
authority.
Any purchase of Johnson Matthey
ordinary shares in relation to this announcement will be effected
within certain pre-set parameters and in accordance with Johnson
Matthey's general authority to repurchase ordinary shares granted
by its shareholders at the 2024 AGM, Chapter 12 of the Financial
Conduct Authority's UK Listing Rules, the Market Abuse Regulation
(EU) 596/2014 (as in force in the UK and as amended by the Market
Abuse (Amendment) (EU Exit) Regulations 2019); and the Commission
Delegated Regulation (EU) No 2016/1052 (as in force in the UK and
as amended by the FCA's Technical Standards (Market Abuse
Regulation) (EU Exit) Instrument 2019). No
repurchases will be made in respect of the Company's American
Depositary Receipts.
ENDS
Enquiries:
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Martin Dunwoodie
Victoria Barlow
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Director of Investor Relations and
Treasury
Deputy Company Secretary
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+44 20 7269 8241
+44 20 7269 8431
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Johnson Matthey Plc is listed on the
London Stock Exchange (JMAT)
Registered
in England & Wales number: 00033774
Legal Entity Identifier number: 2138001AVBSD1HSC6Z10
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