Informa PLC Press Release

8 September 2022

Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services Group today announced a successful tender offer for bonds maturing in 2023, alongside the continuation of its £725m Share Buyback Programme, as part of the ongoing 2021-2024 Growth Acceleration Plan II ("GAP II").

Debt reduction: Successful tender for 2023 bonds

The Company confirms the successful completion of a tender offer to buy back a portion of the €650m Eurobonds due to mature in July 2023. The Group bought back the maximum aggregate principal amount of €200m.

Shareholder Returns: First £400m of £725m Share Buyback Programme completed

The Company also confirms the completion of the first £400m of its GAP II Share Buyback Programme, with c.70m shares bought through Merrill Lynch International since it commenced in February, at an average share price of 572p.

The Share Buyback Programme will continue through Informa's joint broker Morgan Stanley, with a further £325m of the current commitment to go, taking the Group into 2023.

Balance Sheet Strength: Full year leverage expected to be close to zero

The combination of improving revenue and profit growth, strong cashflow generation and debt reduction gives the Group significant balance sheet strength, with full year leverage, excluding leases and post recent divestments and acquisitions, expected to be close to zero.