For immediate release

19 July 2023

Future plc

("Future" or the "Company")

Proposed Return of Cash via a Share Buyback Programme and Notice of General Meeting

Future plc (LSE: FUTR) the global platform for intent-led specialist media, announces that, following its announcement dated 10 July 2023, of its proposal to return up to £45 million of cash to its shareholders, through the means of an on-market share buyback programme (the Share Buyback Programme), a notice convening a general meeting (the General Meeting) at which shareholders will be asked to approve a resolution authorising the Company to buy back up to 10 per cent. of its existing ordinary share capital through on-market purchases (the Share Buyback Authority) is expected to be posted to shareholders later today.

The Company is convening the General Meeting to approve the Share Buyback Authority, under which the Company intends to implement the Share Buyback Programme.  The Company intends to renew the same general 10 per cent. buyback authority as a standing matter at future annual general meetings. 

It is expected that, subject to the resolution approving the Share Buyback Authority being passed at the General Meeting, the Share Buyback Programme would commence thereafter.  Further details regarding the commencement and implementation of the Share Buyback Programme will be announced in due course.

The notice of General Meeting as dispatched to shareholders of the Company will shortly be submitted to the FCA's National Storage Mechanism and will be available for inspection on its website: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  The notice will also be available to view on the Company's website:  www.futureplc.com.

The General Meeting will be held at 121-141 Westbourne Terrace, Paddington, London W2 6JR on 3 August 2023 at 9.30 a.m.

Enquiries

Future plc

Jon Steinberg, Chief Executive Officer                           +44 (0)122 544 2244

Penny Ladkin-Brand, Chief Financial Officer

Marion Le Bot, Head of Investor Relations                  +44(0)777 564 1509

Media

Headland                                                                                              +44 (0) 203 805 4822

Stephen Malthouse, Rob Walker, Charlie Twigg

[email protected]

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

About Future

Future is a digital-first global platform for intent-led specialist media. Underpinned by leading technology and enabled by data, we operate c.250 brands in diversified content verticals, across our B2C and B2B divisions with multiple market leading positions and three core monetisation frameworks: advertising, eCommerce affiliate and direct consumer monetisation. We organise our brands by specialist interest and have four main content verticals with 16 subcategories ranging from Consumer Technology and Home to Wealth and Women's Lifestyle. Our content is published and distributed through a range of formats including websites, email newsletters, videos, magazines and live events. The successful execution of our strategy is focused on three pillars: organic growth, the platform effect and value-creating M&A.