REG - Future PLC - Share Buyback Programme and Notice of GM

FutureAnnouncement

19/07/2023 16:30

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RNS Number : 5633G  Future PLC  19 July 2023

 

For immediate release

 

19 July 2023

 

Future plc

 

("Future" or the "Company")

 

 

Proposed Return of Cash via a Share Buyback Programme and Notice of General
Meeting

 

 

Future plc (LSE: FUTR) the global platform for intent-led specialist media,
announces that, following its announcement dated 10 July 2023, of its proposal
to return up to £45 million of cash to its shareholders, through the means of
an on-market share buyback programme (the Share Buyback Programme), a notice
convening a general meeting (the General Meeting) at which shareholders will
be asked to approve a resolution authorising the Company to buy back up to 10
per cent. of its existing ordinary share capital through on-market purchases
(the Share Buyback Authority) is expected to be posted to shareholders later
today.

 

The Company is convening the General Meeting to approve the Share Buyback
Authority, under which the Company intends to implement the Share Buyback
Programme.  The Company intends to renew the same general 10 per cent.
buyback authority as a standing matter at future annual general meetings.

 

It is expected that, subject to the resolution approving the Share Buyback
Authority being passed at the General Meeting, the Share Buyback Programme
would commence thereafter.  Further details regarding the commencement and
implementation of the Share Buyback Programme will be announced in due course.

 

The notice of General Meeting as dispatched to shareholders of the Company
will shortly be submitted to the FCA's National Storage Mechanism and will be
available for inspection on its website: https
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdata.fca.org.uk%2F%23%2Fnsm%2Fnationalstoragemechanism&data=02%7C01%7Clisa.daniels%40jupiteram.com%7Cf244af61eb4342ff721c08d7e778ef08%7C70e1a0b75bf5416b96c4f244fca5ae53%7C0%7C0%7C637232378919258219&sdata=fkIXUD3TfG1QwIU03eZwSbCu%2F%2BJXhUpLsZd6lA32jVU%3D&reserved=0)
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/data.fca.or
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdata.fca.org.uk%2F%23%2Fnsm%2Fnationalstoragemechanism&data=02%7C01%7Clisa.daniels%40jupiteram.com%7Cf244af61eb4342ff721c08d7e778ef08%7C70e1a0b75bf5416b96c4f244fca5ae53%7C0%7C0%7C637232378919258219&sdata=fkIXUD3TfG1QwIU03eZwSbCu%2F%2BJXhUpLsZd6lA32jVU%3D&reserved=0)
g
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdata.fca.org.uk%2F%23%2Fnsm%2Fnationalstoragemechanism&data=02%7C01%7Clisa.daniels%40jupiteram.com%7Cf244af61eb4342ff721c08d7e778ef08%7C70e1a0b75bf5416b96c4f244fca5ae53%7C0%7C0%7C637232378919258219&sdata=fkIXUD3TfG1QwIU03eZwSbCu%2F%2BJXhUpLsZd6lA32jVU%3D&reserved=0)
.uk/#/nsm
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdata.fca.org.uk%2F%23%2Fnsm%2Fnationalstoragemechanism&data=02%7C01%7Clisa.daniels%40jupiteram.com%7Cf244af61eb4342ff721c08d7e778ef08%7C70e1a0b75bf5416b96c4f244fca5ae53%7C0%7C0%7C637232378919258219&sdata=fkIXUD3TfG1QwIU03eZwSbCu%2F%2BJXhUpLsZd6lA32jVU%3D&reserved=0)
/nationalstoragemechanism.  The notice will also be available to view on the
Company's website:  www.futureplc.com.

 

The General Meeting will be held at 121-141 Westbourne Terrace, Paddington,
London W2 6JR on 3 August 2023 at 9.30 a.m.

 

 

Enquiries

 

Future plc

Jon Steinberg, Chief Executive Officer
                    +44 (0)122 544 2244

Penny Ladkin-Brand, Chief Financial Officer

Marion Le Bot, Head of Investor Relations
+44(0)777 564 1509

 

Media

Headland
 
+44 (0) 203 805 4822

Stephen Malthouse, Rob Walker, Charlie Twigg

future@headlandconsultancy.com

 

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

 

 

About Future

Future is a digital-first global platform for intent-led specialist media.
Underpinned by leading technology and enabled by data, we operate c.250 brands
in diversified content verticals, across our B2C and B2B divisions with
multiple market leading positions and three core monetisation frameworks:
advertising, eCommerce affiliate and direct consumer monetisation. We organise
our brands by specialist interest and have four main content verticals with 16
subcategories ranging from Consumer Technology and Home to Wealth and Women's
Lifestyle. Our content is published and distributed through a range of formats
including websites, email newsletters, videos, magazines and live events. The
successful execution of our strategy is focused on three pillars: organic
growth, the platform effect and value-creating M&A.

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