REG - Informa PLC - Informa Share Buyback Programme

InformaAnnouncement

23/02/2022 07:00

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RNS Number : 4901C  Informa PLC  23 February 2022

Informa PLC Press Release

23 February 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.

Growth Acceleration Plan II ("GAP II")

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.

Share Buyback Programme

Alongside investing for growth, the Group intends to return a proportion of
divestment proceeds to shareholders. Following a binding agreement for the
sale of its Pharma Intelligence business for £1.9bn on 10 February 2022, the
Group commenced a Share Buyback Programme with an initial tranche of £100m.

As part of this initial tranche, on 22 February 2022, the Company purchased
850,397 ordinary shares for cancellation through Merrill Lynch International
at an average price of 604.0340 pence per share.

The highest and lowest purchase price paid per share were 609.00p and 589.60p
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  604.3900                                     516,164                               591.0000                     609.0000
 Turquoise              604.4142                                     30,755                                592.4000                     608.6000
 Chi-X (CXE)            603.2509                                     211,447                               589.6000                     609.0000
 BATS (BXE)             603.7096                                     92,031                                590.0000                     608.8000

Through the period of Informa's close period (30 days from the 13 February to
14 March 2022), Merrill Lynch International will make trading decisions in
relation to the Company's securities independently of the Company. Any share
purchases during this period will be undertaken within certain pre-set
parameters and in accordance with the Company's general authority to
repurchase shares, Chapter 12 of the Listing Rules and Article 5(1)(b) of
Regulation (EU) No 596/2014 (the 'Market Abuse Regulation').

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/4901C_1-2022-2-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4901C_1-2022-2-22.pdf)

 Enquiries
 Richard Menzies-Gow, Director of IR & Communications      +44 (0) 20 8052 2787
 Heledd Hanscomb, Deputy Company Secretary                 +44 (0) 20 7017 5000

 

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