Transaction in Own Shares

RNS Number : 1287Q

Network International Holdings PLC

16 February 2023

 

16 February 2023: Network International Holdings Plc

Transactions in own shares

Network International Holdings Plc. (LSE: NETW) (the "Company") announces that on 15 February 2023, it has purchased its own ordinary shares through its broker Citigroup Global Markets Limited as detailed below:

Trade Date	Daily Number of Shares Purchased	Lowest Price paid per Share	Highest Price paid per Share	Volume Weighted Average Price paid per Share*	Venue	Trading Currency
15-Feb-23	159,878	273.60p	280.40p	278.40p	XLON	GBp
TOTAL	159,878

*rounded to two decimals

These share purchases form a part of the share buyback programme of up to an aggregate purchase price of USD 100 million announced on 11 August 2022 (the "Buyback Programme"). The Buyback Programme, which started on 15 August 2022, is based on the authorisation granted by the Company's Annual General Meeting on 19 May 2022.

The Company will hold the repurchased shares in treasury. Following the above transactions, the Company holds 16,443,608 of its ordinary shares in treasury and has 544,658,082 ordinary shares in issue (excluding treasury shares), which corresponds to the total number of voting rights.

This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as incorporated into and implemented under English law (including by virtue of the European Union (Withdrawal) Act 2018), the detailed breakdown of individual trades made by Citigroup Global Markets Limited on behalf of the Company as part of the Buyback Programme can be found at:

http://www.rns-pdf.londonstockexchange.com/rns/1287Q_1-2023-2-16.pdf

Jaishree Razzaq

Chief Risk Officer & Group Company Secretary

Network International Holdings Plc

(LEI: 213800XVRNKWENNLKK60)

Investor Relations enquiries

Network International  [e-mail]

Amie Gramlick, Head of Investor Relations

 

Media enquiries

Teneo  [e-mail]

Ben Foster, Andy Parnis

 

END

 

 

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