RNS Number : 8248M
Informa PLC
19 September 2023
Informa PLC Press Release
19 September 2023
Informa Share Buyback Programme
Update on GAP 2 shareholder returns
Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services Group today provided an update on its Share Buyback Programme that forms part of the 2021-2024 Growth Acceleration Plan 2 ('GAP 2').
Share Buyback Programme
GAP 2 is Informa's four-year programme to create a more focused, higher growth business. This includes accelerated investment in its two businesses with scale leadership positions, B2B Markets and Academic Markets, and the divestment of its Informa Intelligence portfolio of businesses.
GAP 2 also includes a commitment to accelerate shareholder returns, sharing some of the divestment proceeds with shareholders, alongside increased investment into the Group's two leadership businesses. This led to the resumption of ordinary dividends and a £1bn Share Buyback Programme.
As part of this Share Buyback, on 18 September 2023, the Company purchased 487,304 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 749.69 pence per share. The highest and lowest purchase price paid per share were 750.00 and 748.60 respectively, with the aggregate details of shares purchased by trading venue as outlined in the table below:
|
Trading venue |
Weighted average price paid per share (GBp) |
Aggregate number of shares purchased |
Lowest price paid per share |
Highest price paid per share |
|
London Stock Exchange |
749.68 |
280,727 |
748.60 |
750.00 |
|
Chi-X (CXE) |
749.71 |
164,615 |
748.60 |
750.00 |
|
BATS (BXE) |
749.71 |
38,916 |
748.60 |
750.00 |
|
AQUIS (AQXE) |
749.56 |
3,046 |
749.40 |
750.00 |
Following settlement of the above purchases and cancellation of the purchased ordinary shares, the Company's total number of ordinary shares in issue, and its total voting rights, will be 1,387,735,937 ordinary shares. The Company does not hold any shares in Treasury.
In accordance with Article 5(1)(b) of the Market Abuse Regulation, a full breakdown of the individual trades made as part of the buyback programme is detailed in the attachment.
http://www.rns-pdf.londonstockexchange.com/rns/8248M_1-2023-9-18.pdf
|
Enquiries |
|
|
Richard Menzies-Gow, Director of IR & Communications |
+44 (0) 20 8052 2787 |
|
Heledd Hanscomb, Deputy Company Secretary |
+44 (0) 20 8052 0661 |
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