REG - Wilmington PLC - Share repurchase programme

WilmingtonAnnouncement

27/02/2025 07:00

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RNS Number : 5883Y  Wilmington PLC  27 February 2025

 

27 February 2025

 

Wilmington plc

Share repurchase programme

 

Wilmington plc ("Wilmington" or the "Group") (LON: WILM), the provider of
data, information, education and training services in the global Governance,
Risk and Compliance (GRC) markets, announces today that it will today commence
a share repurchase programme of its ordinary shares of 5 pence each (the
"Ordinary Shares") up to a maximum consideration of £5 million to be executed
by the Group's next Annual General Meeting, expected to be held in November
2025 (the "Repurchase Programme").

 

As announced at the Group's half year results, Wilmington has a strong balance
sheet which allows it to invest across the business, both organically and
inorganically. The Board has concluded that a repurchase programme provides a
balanced approach for additional returns of capital to shareholder whilst it
continues its strategic priority, being the active pursuit of opportunities to
invest in accretive acquisitions.

 

Wilmington has entered into a non-discretionary arrangement with Numis
Securities Limited, trading as Deutsche Numis, to conduct the Repurchase
Programme on its behalf starting from today. Under these arrangements,
Deutsche Numis will make trading decisions in relation to the buyback of the
Group's ordinary shares of 5 pence each independently of the Group within the
programme terms and pre-set parameters, including in the case of any purchases
made during closed periods.

 

Any purchase of Ordinary Shares done in relation to this announcement will be
executed in accordance with (i) the terms and parameters of Deutsche Numis'
engagement; (ii) the relevant regulations, including the EU Market Abuse
Regulation (596/2014), the Commission Delegated Regulation (2016/1052), in
each case as such legislation forms part of retained EU law (as defined in the
EU (Withdrawal) Act 2018), and Chapter 12 of the Financial Conduct Authority's
Listing Rules  and (iii) the Group's general authority to make market
purchases of Shares as approved by shareholders at the AGM held on 28th
November 2024. There may be circumstances where the Group conducts share
repurchases such that they exceed 25 per cent of the average daily volume in
Ordinary Shares for the 20 trading days prior to the share repurchase.

 

The Group will announce any market repurchase of ordinary shares no later than
7.30am on the business day following the calendar day on which the repurchase
occurred. Ordinary shares purchased under the Repurchase Programme will either
be cancelled or held in treasury.

 

The Group confirms that it currently has no unpublished price sensitive
information.

 

For further information, please contact:

Wilmington
plc
 
020 7490 0049

Guy Millward, Chief Financial Officer

 Meare
Consulting
 
07990 858548

Adrian Duffield

 Notes to Editors

 

Wilmington plc is the recognised knowledge leader and partner of choice for
data, information, education and training in the global Governance, Risk and
Compliance (GRC) markets. Wilmington employs over 650 people and sells to
around 120 countries. Wilmington is listed on the main market of the London
Stock Exchange.

 

 

 

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