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RNS Number : 6853M Informa PLC 25 May 2022
Informa PLC Press Release
25 May 2022
Informa Share Buyback Programme
Update on GAP II shareholder returns
Informa (LSE: INF.L), the international B2B Markets, Knowledge Services and
Business Intelligence Group today provided an update on its Share Buyback
Programme that forms part of the 2021-2024 Growth Acceleration Plan II ('GAP
II').
Share Buyback Programme
GAP II is Informa's four-year programme to create a more focused, higher
growth business. This will see the Group accelerate investment in its two
businesses with scale leadership positions, B2B Markets and Academic Markets,
and divest of its Informa Intelligence portfolio of businesses.
Following the completion of the first tranche of the Share Buyback Programme,
which saw £100m of capital returned to shareholders, on 15 March 2022, the
Company announced a second tranche, committing a further £200m to share
buybacks.
As part of this second tranche, on 24 May 2022, the Company purchased 575,386
ordinary shares for cancellation through Merrill Lynch International at an
average price of 552.7763 pence per share.
The highest and lowest purchase price paid per share were 563.2p and 544.6p
respectively, with the aggregate details of shares purchased by trading venue
as outlined in the table below:
Trading venue Weighted average price paid per share (GBp) Aggregate number of shares purchased Lowest price paid per share Highest price paid per share
(GBp)
(GBp)
London Stock Exchange 552.3045 392,000 544.8000 563.2000
Chi-X (CXE) 554.5652 113,258 544.6000 563.2000
BATS (BXE) 552.5243 70,128 544.6000 563.2000
Following settlement of the above purchases and cancellation of the purchased
ordinary shares, the Company's total number of ordinary shares in issue, and
its total voting rights, will be 1,467,172,478 ordinary shares. The Company
does not hold any shares in Treasury.
In accordance with Article 5(1)(b) of the Market Abuse Regulation, a full
breakdown of the individual trades made as part of the buyback programme is
detailed in the attachment.
http://www.rns-pdf.londonstockexchange.com/rns/6853M_1-2022-5-24.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6853M_1-2022-5-24.pdf)
Enquiries
Richard Menzies-Gow, Director of IR & Communications +44 (0) 20 8052 2787
Heledd Hanscomb, Deputy Company Secretary +44 (0) 20 8052 0661
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