REG - Johnson Matthey PLC - Share buyback programme

Johnson MattheyAnnouncement

14/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220214:nRSN5097Ba&default-theme=true

RNS Number : 5097B  Johnson Matthey PLC  14 February 2022

14(th) February 2022

 

Johnson Matthey Plc

Share buyback programme

 

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

 

The first tranche of the share buyback programme of up to £100m commenced on
21(st) December 2021 and completed on 28(th) January 2022, in accordance with
its terms.

 

The Company announces that the second tranche of the share buyback programme
of up to £100m (the "Programme") will commence today and will end no later
than 20(th) May 2022.

 

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.

 

The sole purpose of the Programme is to reduce the share capital of the
Company. All shares repurchased under the Programme will be cancelled.

 

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"), less the number of shares that
have already been repurchased pursuant to that authority.

Any purchase of the Company's ordinary shares in relation to this
announcement will be effected within certain pre-set parameters and in
accordance with JM'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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSBKNBDKBKBNBD