Transaction in Own Shares

Network International Holdings PLC

14 June 2023

 

Network International Holdings Plc

Completion of Share Buyback Programme and Total Voting Rights, 14 June 2023

Completion of Share Buyback Programme

Network International Holdings Plc (LSE: NETW) (the "Company") announced on 9 June 2023, that its share buyback programme (the "Programme"), details of which were announced on 11 August 2022 and updated on 26 January 2023, shall be cancelled with effect from 13 June 2023.

In total under the Programme the Company repurchased 28,353,097 of its own ordinary shares of 10p each at a consideration of $93.8m. The shares repurchased represent 5.0531% of the issued share capital of the Company when the Programme commenced. Out of the shares repurchased, 23,353,097 shares have been cancelled and 5,000,000 shares are held in treasury. The average price paid per share was 275.2p.

Total Voting Rights

As on 13 June 2023, the issued share capital of Network International Holdings Plc (LSE: NETW) (the "Company") comprised 532,748,593 ordinary shares of 10p each. Each ordinary share carries the right to one vote at a General Meeting of the Company and, therefore, the total number of voting rights in the Company on 13 June 2023 is 532,748,593. In addition, the Company holds 5,000,000 shares in treasury.

The above figure of 532,748,593 ordinary shares 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, Network International Holdings Plc. under the FCA's Disclosure Guidance and Transparency Rules.

This is issued in compliance with the requirements of FCA's Disclosure Guidance and Transparency Rules DTR 5.6.1 R.

For further information, please contact:

Jaishree Razzaq

Chief Risk Officer & Group Company Secretary

Network International Holdings Plc.

Email: [e-mail]

Legal Entity Identifier: 213800VRNKWENNLKK60

Network International Holdings Plc (LSE: NETW) is the leading enabler of digital commerce across the Middle East and Africa (MEA).

 

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