Jardine Matheson Hldgs Ltd Proposed Share Buyback Programme Extension (9874U)
08 Diciembre 2021 - 5:13AM
UK Regulatory
TIDMJAR
RNS Number : 9874U
Jardine Matheson Hldgs Ltd
08 December 2021
JARDINE MATHESON HOLDINGS LIMITED
PROPOSED SHARE BUYBACK PROGRAMME EXTENSION
Jardine Matheson Holdings Limited (the 'Company') intends to
increase the amount of its share buyback programme announced on
30th September 2021 (the 'Programme') by US$250 million to now
target returning up to US$500 million to its shareholders by 30th
June 2022. As of 8th December 2021 it has already acquired close to
US$250 million of shares under the Programme.
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
Programme 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 Programme 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
8th December 2021
www.jardines.com
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