REG - Johnson Matthey PLC - Share buyback programme

Johnson MattheyAnnouncement

03/07/2024 07:00

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RNS Number : 8856U  Johnson Matthey PLC  03 July 2024

3(rd) July 2024

 

Johnson Matthey Plc

Share buyback programme

 

Johnson Matthey Plc ("JM" or the "Company") announces that as outlined in its
announcement on 20(th) March 2024, it will commence a share buyback programme
to purchase ordinary shares of 110 (49)/(53) pence each in the Company
("Ordinary Shares") for up to a maximum consideration of £250m. The first
tranche of this share buyback programme of up to a maximum consideration of
£125m (the "Programme") will commence immediately.

 

The Company has entered into an irrevocable, non-discretionary agreement with
Citigroup Global Markets Limited ("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 share
buyback 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
18,345,341 shares, being the number of shares the Company is authorised to
purchase pursuant to the authority granted by shareholders at the Company's
2023 Annual General Meeting (the "2023 AGM") and any subsequent authority.

 

Purchases of the Company's Ordinary Shares pursuant to the Programme will
commence immediately and end no later than 4(th) November 2024.

 

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 2023 AGM, Chapter 12 of the
Financial Conduct Authority's Listing Rules, the Market Abuse Regulation (EU)
596/2014 (as in force in the UK and as amended by the Market Abuse (Amendment)
(EU Exit) Regulations 2019); and the Commission Delegated Regulation (EU) No
2016/1052 (as in force in the UK and as amended by the FCA's Technical
Standards (Market Abuse Regulation) (EU Exit) Instrument 2019). No repurchases
will be made in respect of the Company's American Depositary Receipts.

 

ENDS

 

 Enquiries:
 Martin Dunwoodie  Director of Investor Relations and Treasury  +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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