REG - Informa PLC - Informa Share Buyback Programme

InformaAnnouncement

28/02/2022 07:00

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RNS Number : 9360C  Informa PLC  28 February 2022

Informa PLC Press Release

28 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 25 February 2022, the Company purchased
1,319,109 ordinary shares for cancellation through Merrill Lynch International
at an average price of 600.8759 pence per share.

The highest and lowest purchase price paid per share were 614.60p and 583.60p
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  601.2406                                     836,000                               583.8000                     614.6000
 Turquoise              599.9030                                     42,360                                585.0000                     612.0000
 Chi-X (CXE)            600.0594                                     327,254                               583.8000                     612.2000
 BATS (BXE)             600.9073                                     113,495                               583.6000                     611.4000

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/9360C_1-2022-2-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9360C_1-2022-2-25.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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