REG - Johnson Matthey PLC - Share buyback programme

Johnson MattheyAnnouncement

21/12/2021 07:00

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RNS Number : 3213W  Johnson Matthey PLC  21 December 2021

21(st) December 2021

 

Johnson Matthey Plc

Share buyback programme

 

On 24(th) November 2021, Johnson Matthey ("JM" or the "Company") announced its
intention to conduct a share buyback programme of its ordinary shares for up
to a maximum consideration of £200m.

 

The first tranche of the share buyback programme of up to £100m (the
"Programme") will commence today and will end no later than 8th March 2022,
provided that the Programme may be extended for up to 10 further trading days
if necessary to account for disruption events during the initial term of the
Programme. Any further tranches of the share buyback programme, which may be
conducted after completion of the Programme, will be announced in due course.

 

The Company has entered into an irrevocable, non-discretionary agreement with
Citigroup Global Markets Ltd ("Citi") to manage the Programme, pursuant to
which Citi will purchase Johnson Matthey ordinary shares (acting as principal)
for subsequent repurchase by the Company. Citi will make trading decisions
under the Programme independently of JM. Purchases may continue during any
closed period to which the Company is subject.

 

Ordinary shares purchased under the Programme will be held in Treasury and as
a purpose of the Programme, inter alia, may be used to enable the Company to
meet obligations arising from employee share option programmes, or other
allocations of shares to employees of the Company.

 

The maximum number of shares that may be repurchased under the Programme is
19,353,343 shares, being the number of shares the Company is authorised to
purchase pursuant to the authority granted by shareholders at the Company's
2021 Annual General Meeting (the "2021 AGM").

Any purchase of Johnson Matthey ordinary shares in relation to this
announcement will be effected within certain pre-set parameters and in
accordance with Johnson Matthey's general authority to repurchase ordinary
shares granted by its shareholders at the 2021 AGM, the Market Abuse
Regulation 596/2014 (as incorporated into UK domestic law by the European
Union (Withdrawal) Act 2018), and Chapter 12 of the Financial Conduct
Authority's Listing Rules. No repurchases will be made in respect of the
Company's American Depositary Receipts.

 

ENDS

 

 Enquiries:

 Martin Dunwoodie  Director of Investor Relations  +44 20 7269 8241

 Victoria Barlow   Deputy Company Secretary        +44 20 7269 8431

 

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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