Transaction in Own Shares

RNS Number : 9067Q

Informa PLC

24 February 2023

 

Informa PLC Press Release

24 February 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 £725m Share Buyback Programme.

As part of this Share Buyback, on 23 February 2023, the Company purchased 294,712 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 677.19 pence per share. The highest and lowest purchase price paid per share were 679.60 and 672.40 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	677.08	88,170	673.20	679.40
Chi-X (CXE)	677.28	151,829	672.40	679.60
BATS (BXE)	677.10	40,612	673.40	679.40
AQUIS (AQXE)	677.15	14,101	675.00	679.40

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 1,409,936,395 ordinary shares.  The Company does not hold any shares in Treasury.

Through the period of Informa's close period (30 days from 6 February to 8 March 2023 inclusive), Morgan Stanley & Co. International plc will make trading decisions in relation to the Company's securities independently of the Company. Any share purchases during this period will be undertaken within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5(1)(b) of Regulation (EU) No 596/2014 (the 'Market Abuse Regulation').

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/9067Q_1-2023-2-23.pdf

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

 

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