REG - Johnson Matthey PLC - Share buyback programme

Johnson MattheyAnnouncement

24/09/2024 07:00

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RNS Number : 3311F  Johnson Matthey PLC  24 September 2024

24(th) September 2024

 

Johnson Matthey Plc

Share buyback programme

 

On 3(rd) July 2024, Johnson Matthey Plc ("JM" or the "Company") announced its
intention to conduct 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 "Buyback").

 

The first tranche of this Buyback (up to a maximum consideration of £125m)
commenced on 3(rd) July 2024 and completed on 23(rd) September 2024, in
accordance with its terms.

 

The Company announces that the second tranche of the Buyback of up to £125m
will commence today and end no later than 24(th) January 2025. Purchases of
the Company's ordinary shares 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 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 Buyback is
18,393,997 shares, being the number of shares the Company is authorised to
purchase pursuant to the authority granted by shareholders at the Company's
2024 Annual General Meeting (the "2024 AGM") and any subsequent authority.

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 2024 AGM, Chapter 12 of the
Financial Conduct Authority's UK 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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