Transaction in Own Shares

RNS Number : 4421J
Informa PLC
27 April 2022
 

Informa PLC Press Release

27 April 2022

Informa Share Buyback Programme

Update on GAP II shareholder returns

Informa (LSE: INF.L), the international B2B Markets, Knowledge Services and Business Intelligence Group today provided an update on its Share Buyback Programme that forms part of the 2021-2024 Growth Acceleration Plan II ('GAP II').

Share Buyback Programme

GAP II is Informa's four-year programme to create a more focused, higher growth business. This will see the Group accelerate investment in its two businesses with scale leadership positions, B2B Markets and Academic Markets, and divest of its Informa Intelligence portfolio of businesses.

Following the completion of the first tranche of the Share Buyback Programme, which saw £100m of capital returned to shareholders, on 15 March 2022, the Company announced a second tranche, committing a further £200m to share buybacks.

As part of this second tranche, on 26 April 2022, the Company purchased 436,403 ordinary shares for cancellation through Merrill Lynch International at an average price of 588.7528 pence per share.

The highest and lowest purchase price paid per share were 592.4p and 581.4p 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
(GBp)

Highest price paid per share
(GBp)

London Stock Exchange

588.7886

286,000

581.4000

592.4000

Chi-X (CXE)

588.8159

111,000

581.4000

592.2000

BATS (BXE)

588.3146

39,403

581.4000

592.2000

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 1,477,278,905 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/4421J_1-2022-4-26.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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