REG - Mony Group PLC - Commencement of Share Buyback

MONYAnnouncement

17/02/2025 07:00

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RNS Number : 2544X  Mony Group PLC  17 February 2025

 

17 February 2025

For immediate release

 

MONY Group PLC

Share Repurchase Programme

 

 

MONY Group PLC ("MONY") today announces that it will commence a share
repurchase programme of its ordinary shares of 0.02 pence each (the "Ordinary
Shares") up to a maximum consideration of £30 million (the "Programme").

 

MONY announces that it has entered into an instruction to Morgan Stanley &
Co. International Plc ("Morgan Stanley") in relation to the purchase by Morgan
Stanley, acting as riskless principal during the period commencing on 17
February 2025 and ending no later than 12 December 2025, of ordinary shares in
the share capital of MONY (the "Shares") for an aggregate purchase price of no
greater than £30 million and the simultaneous on-sale of such Shares by
Morgan Stanley to MONY.

 

The Programme reflects MONY's ongoing commitment to sustainable shareholder
returns, in addition to investment in organic and acquisitive growth, as a
path to creating long-term, sustainable shareholder value.

 

Any purchase of Ordinary Shares done in relation to this announcement will be
executed in accordance with the relevant regulations (including but not
limited to the Listing Rules and MONY's general authority to make market
purchases of Shares.). The shares will be purchased in accordance with the
price and volume conditions set out in the Commission Delegated Regulation
(EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of
the European Parliament and of the Council with regard to regulatory technical
standards for the conditions applicable to buyback programmes and
stabilisation measures as implemented, retained, amended, extended, re-enacted
or otherwise given effect in the United Kingdom from 1 January 2021 and as
amended or supplemented in the United Kingdom thereafter. MONY will announce
any market repurchase of Ordinary Shares no later than 7.30 a.m. on the
business day following the calendar day on which the repurchase occurred. To
the extent permitted by law, Ordinary Shares purchased under the Programme
will be cancelled.

 

 

For further information, please contact:

 

 Investors;

 Niall McBride, Chief Financial Officer      0203 826 4688
 Jennifer Cooke, Head of Investor Relations  0203 846 2034

 Media:
 William Clutterbuck, H/Advisors Maitland    07785 292617

 

 

 

 

This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction.

 

 

 

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