REG - Intertek Group Plc - Share buyback programme

IntertekAnnouncement

24/03/2025 07:00

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RNS Number : 7553B  Intertek Group PLC  24 March 2025

24 March 2025, London

 

Intertek Group plc ('Intertek' or the 'Company')

 

Share buyback programme

 

Intertek, a leading Total Quality Assurance provider to industries worldwide,
announces that, in connection with the share buyback programme (the
'Programme') which it announced on 4 March 2025, it is commencing the
Programme to purchase ordinary shares in the Company ('Shares') with an
aggregate value of up to £350 million subject to remaining within the AGM
authority granted by shareholders at the 2024 Annual General Meeting (the
'2024 AGM authority') for a maximum of 16,139,312 Shares during the period
starting 24 March 2025 and ending no later than 31 December 2025 (the
'Engagement Period') in order to reduce the capital of the Company.

 

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 Shares for subsequent repurchase by the Company. This
arrangement is in accordance with Chapter 9.6 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.

 

-ENDS-

 

CONTACTS

 

For further information, please contact:

 

Denis Moreau, Investor Relations

Telephone:           +44 (0) 20 7396 3415
investor@intertek.com (mailto:investor@intertek.com)

 

Jonathon Brill/James Styles, DGA Group

Telephone:           +44 (0) 7836 622 683
intertek@dgagroup.com (mailto:intertek@dgagroup.com)

 

 Intertek is a leading Total Quality Assurance provider to industries
 worldwide.

 Our network of more than 1,000 laboratories and offices in more than 100
 countries, delivers innovative and bespoke Assurance, Testing, Inspection and
 Certification solutions for our customers' operations and supply chains.

 Intertek is a purpose-led company to Bring Quality, Safety and Sustainability
 to Life. We provide 24/7 mission-critical quality assurance solutions to our
 clients to ensure that they can operate with well-functioning supply chains in
 each of their operations.

 Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered
 consistently, with precision, pace and passion, enabling our customers to
 power ahead safely.

 intertek.com

 

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