Transaction in Own Shares

RNS Number : 8444X

Informa PLC

01 September 2022

 

Informa PLC Press Release

1 September 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.

As announced on 16 June 2022, following completion of the Pharma Intelligence divestment, the Company further expanded its Share Buyback Programme to £725m, an increase from the £300m announced within the Company's 2021 Full Year Results Statement on 15 March. This represents c.50% of the post-tax cash proceeds received to date from the delivery of GAP II Portfolio Focus.

As part of this extension, on 31 August 2022, the Company purchased 495,758 ordinary shares for cancellation through Merrill Lynch International at an average price of 547.9561 pence per share.

The highest and lowest purchase price paid per share were 550.80p and 544.80p 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	548.0232	326,000	545.4000	550.8000
Chi-X (CXE)	547.6906	97,000	544.8000	550.8000
BATS (BXE)	548.0092	72,758	544.8000	550.8000

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 1,440,393,053 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/8444X_1-2022-8-31.pdf

Enquiries
Richard Menzies-Gow, Director of IR & Communications	[phone]
Heledd Hanscomb, Deputy Company Secretary	[phone]

 

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