SXS Spectris Plc

TIDMSXS

RNS Number : 3372L

Spectris PLC

10 September 2021

Spectris plc - Share buy-back programme

10 September 2021 - Spectris plc (SXS: LSE) (the 'Group'), the expert in providing insight through precision measurement, announces that it is commencing the final tranche of the share repurchase programme of the Group's ordinary shares of 5 pence each (the 'Ordinary Shares') for a maximum consideration of up to GBP200 million announced in its 2020 full year results on 25 February 2021 (the 'Programme'). The purpose of the Programme is to reduce the Group's outstanding Ordinary Shares and accordingly the Group intends to cancel the Ordinary Shares purchased under the Programme.

The final tranche of the Programme will be carried out through an irrevocable non-discretionary agreement with J.P. Morgan Securities plc ('JPM'), pursuant to which JPM shall purchase Ordinary Shares as riskless principal (and not as agent of Spectris plc) for the subsequent sale on to, and purchase by, Spectris plc. This final tranche will run from 10 September 2021 and end no later than 30 November 2021 (subject to no regulatory objections or concerns arising), for an aggregate consideration of up to, but no greater than, GBP52,928,796.80. The maximum number of Ordinary Shares that can be purchased under the final tranche of the Programme is 8,813,793 Ordinary Shares (based on authority granted at the Group's 2021 annual general meeting). JPM will make its trading decisions in relation to the Ordinary Shares independently of, and uninfluenced by, the Group.

Any purchase of Ordinary Shares under the final tranche of the Programme will be carried out on the London Stock Exchange and any other UK recognised investment exchange which may be agreed, in accordance with pre-set parameters and in accordance with (and subject to limits prescribed by) the Group's general authority to repurchase Ordinary Shares granted by its shareholders at its most recent annual general meeting, Chapter 12 of the Financial Conduct Authority's Listing Rules, Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018). The Group will announce any market repurchases of Ordinary Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred.

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September 10, 2021 02:00 ET (06:00 GMT)

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