Informa Share Buyback Programme

RNS Number : 4901C

Informa PLC

23 February 2022

 

Informa PLC Press Release

23 February 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.

Growth Acceleration Plan II ("GAP II")

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.

Share Buyback Programme

Alongside investing for growth, the Group intends to return a proportion of divestment proceeds to shareholders. Following a binding agreement for the sale of its Pharma Intelligence business for £1.9bn on 10 February 2022, the Group commenced a Share Buyback Programme with an initial tranche of £100m.

As part of this initial tranche, on 22 February 2022, the Company purchased 850,397 ordinary shares for cancellation through Merrill Lynch International at an average price of 604.0340 pence per share.

The highest and lowest purchase price paid per share were 609.00p and 589.60p 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	604.3900	516,164	591.0000	609.0000
Turquoise	604.4142	30,755	592.4000	608.6000
Chi-X (CXE)	603.2509	211,447	589.6000	609.0000
BATS (BXE)	603.7096	92,031	590.0000	608.8000

Through the period of Informa's close period (30 days from the 13 February to 14 March 2022), Merrill Lynch International 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/4901C_1-2022-2-22.pdf

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

 

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