REG - Informa PLC - Completion of Pharma Intelligence divestment

InformaAnnouncement

01/06/2022 12:30

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RNS Number : 4796N  Informa PLC  01 June 2022

Informa PLC Press Release

1 June 2022

Completion of £1.9bn Pharma Intelligence agreement

Portfolio re-balancing and accelerating shareholder returns

Informa (LSE: INF.L), the international Academic Markets, B2B Markets and
Digital Services Group today confirmed the completion of its £1.9bn Pharma
Intelligence agreement which forms part of the 2021-2024 Growth Acceleration
Plan II ("GAP II").

The agreement announced on 10 February sees the Group receive c.£1.7bn in
cash before tax deductions and a c.15% shareholding in the ongoing business.
This c.15% equity interest ranks pari passu with Warburg Pincus' equity (the
acquirer), enabling Informa to realise significant value today, whilst sharing
in the future value created from further growth and portfolio expansion.

Re-balancing the Group's portfolio is a key part of Informa's GAP II
programme, a four-year plan designed to create a more focused, higher growth
business, with digital and data excellence at its core. Following Pharma
Intelligence, the Group is now reviewing its Financial Intelligence portfolio.

The Group will provide an update on GAP II Shareholder Returns within its AGM
Trading Update on 16 June 2022. Since March, the Group has completed c.£257m
of its current £300m share buyback commitment, at a weighted average price of
581p, leading to the cancellation of c.44m shares.

 Enquiries
 Stephen A. Carter, Chief Executive                        +44 (0) 20 8052 0400
 Gareth Wright, Finance Director                           +44 (0) 20 8052 0400
 Richard Menzies-Gow, Director of IR & Communications      +44 (0) 20 8052 2787
 Tim Burt / Simon Duke - Teneo                             +44 (0) 20 7240 2486

 

 

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