Jardine Matheson Hldgs Ltd Proposed Share Buyback (4686N)
30 Septiembre 2021 - 12:59AM
UK Regulatory
TIDMJAR
RNS Number : 4686N
Jardine Matheson Hldgs Ltd
30 September 2021
JARDINE MATHESON HOLDINGS LIMITED
PROPOSED SHARE BUYBACK
Jardine Matheson Holdings Limited (the 'Company') today
announces its intention to return up to US$250 million to its
shareholders by 30th June 2022 through a share buyback (the
'Buyback').
The Company's ordinary shares will be repurchased by the
Company, in accordance with powers under the Bermuda Companies Act
and the constitution of the Company. In accordance with the
Company's current practice, details of any repurchases made by the
Company will be provided to the market via regulatory announcements
and published on the Company's website.
The purpose of the Buyback is to reduce the capital of the
Company. As the holding of treasury shares is not provided for in
the Company's constitution, any shares which the Company
repurchases will be cancelled.
The Buyback is in line with Jardine Matheson Group's previously
announced capital allocation policy. The Group remains committed to
return gearing nearer to historic levels over the medium term,
following the simplification of the Group's holding structure
earlier in the year.
Jonathan Lloyd, Jardine Matheson Limited
for and on behalf of Jardine Matheson Holdings Limited
30th September 2021
www.jardines.com
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END
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