Transaction in Own Shares

Informa PLC

28 February 2024

 

Informa PLC Press Release

28 February 2024

Informa Share Buyback Programme

Update on GAP 2 shareholder returns

Informa PLC ('the Company') (LSE: INF.L), the international B2B Events, Specialist Data, Digital Services and Academic Markets 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 the launch of a Share Buyback Programme.

On 14 November 2023, this buyback programme was extended by £150m to £1.15bn.

As part of the extended Share Buyback, on 27 February 2024, the Company purchased 245,437 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 814.85 pence per share. The highest and lowest purchase price paid per share were 824.00 and 809.00 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	814.30	83,540	809.00	823.80
Chi-X (CXE)	814.97	116,352	809.00	822.60
BATS (BXE)	816.03	32,670	809.00	824.00
AQUIS (AQXE)	814.41	12,875	809.60	822.00

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 1,366,392,576 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/6791E_1-2024-2-27.pdf

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

 

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