REG - Johnson Matthey PLC - Establishment of Investment Committee

Johnson MattheyAnnouncement

27/01/2025 07:00

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RNS Number : 6968U  Johnson Matthey PLC  27 January 2025

27(th) January 2025

 

Johnson Matthey Plc

(the Company)

Establishment of Investment Committee

 

The Company is pleased to announce the establishment of an Investment
Committee (the "Committee") of the Board. The Committee, established on 24(th)
January 2025, will  reinforce the Company's investment strategies and capital
allocation.

 

The Board recognises the need for the Company to remain agile in uncertain
markets and adapt its investment strategy and capital allocation as needed,
alongside identifying initiatives to accelerate and deliver cash generation
and enhanced returns on capital. The Committee will provide additional
oversight to these areas in line with the Company's commitment to delivering
sustainable shareholder value.

 

Specific responsibilities of the Committee will include review and endorsement
of i) investment and capital allocation strategy, ii) major capital projects
and, iii) M&A activity. In discharging these duties, the Committee will
give consideration to leading market indicators, execution risk, and levels of
return and cash generation for shareholders.

 

The Committee will be chaired by Barbara Jeremiah, Senior Independent Director
and will initially consist of the following additional members:

 

Liam Condon           Chief Executive

Sinead Lynch           Independent Non-Executive Director

Stephen Oxley         Chief Financial Officer

Doug Webb              Independent Non-Executive Director

 

The Committee's Terms of Reference will shortly be available on our website:
www.matthey.com (http://www.matthey.com) /governance-framework

 

This announcement is made in compliance with the Company's obligations under
the UK Listing Rules ("UKLR"), specifically UKLR 6.4.6R.

 

 

ENDS

 

 Enquiries:

 Simon Price       General Counsel and Company Secretary        +44 20 7269 8052
 Martin Dunwoodie  Director of Investor Relations and Treasury  +44 20 7269 8241

 

Johnson Matthey Plc is listed on the London Stock Exchange (JMAT)

Registered in England & Wales number: 00033774

Legal Entity Identifier number: 2138001AVBSD1HSC6Z10

 

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