REG - Future PLC - Transaction in Own Shares

FutureAnnouncement

22/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240522:nRSV3488Pa&default-theme=true

RNS Number : 3488P  Future PLC  22 May 2024

22 May 2024

Future plc

Share repurchase programme

Future plc (the Company) (LSE: FUTR) the global platform for intent-led
specialist media, announces that, in connection with the share buyback
programme of up to £45 million which it announced on 16 May 2024, it is
commencing a share buyback programme (the Programme) to purchase shares with a
value of up to £45 million subject to remaining within the AGM authority (the
FY2024 AGM authority is for a maximum of 11,672,792 shares) during the period
starting on 22 May 2024 and ending no later than the conclusion of the
Company's FY2025 Annual General Meeting or, if earlier, the close of business
on 8 May 2025 (the Engagement Period), in order to reduce the Company's
capital.

The Company has entered into an agreement with J.P. Morgan Securities plc
(JPMS plc) under which it has issued an irrevocable instruction to JPMS plc to
manage the Programme. JPMS plc will carry out the instruction through the
acquisition of ordinary shares (Shares) in the Company for subsequent
repurchase by the Company. This arrangement is in accordance with Chapter 12
of the UKLA Listing Rules and the Company's general authority to repurchase
Shares.

JPMS plc may undertake transactions in Shares (which may include sales and
hedging activities, in addition to purchases which may take place on any
available trading venue or on an over the counter basis) during the Engagement
Period in order to manage its market exposure under the Programme. Disclosure
of such transactions will not be made by JPMS plc as a result of or as part of
the Programme, but JPMS plc will continue to make any disclosures it is
otherwise legally required to make.

Future will announce any market repurchase of Shares no later than 7.30 a.m.
on the business day following the calendar day on which the repurchase
occurred.

The Board will keep the Programme under review and continue to assess it
against its capital allocation priorities.

Enquiries:

David Bateson

General Counsel and Company Secretary

Future plc

Tel: 01225 442244

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

About Future

We are the platform for creating and distributing trusted, specialist content,
to build engaged and valuable global communities. We operate c.230 brands in
diversified content verticals, with multiple market leading positions and
three core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine sale). 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: grow engaged audience,
diversify and grow revenue per user and optimise the portfolio.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSEFLFLZELEBBK