Transaction in Own Shares

RNS Number : 7128O
Network International Holdings PLC
02 February 2023
 

2 February 2023: Network International Holdings Plc

 

Transactions in own shares

 

Network International Holdings Plc. (LSE: NETW) (the "Company") announces that on 1 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

 01-Feb-23

 124,200

272.40p

288.80p

282.21p

 XLON

GBp

TOTAL

 124,200






*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 14,866,936 of its ordinary shares in treasury and has 546,234,754 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/7128O_1-2023-2-2.pdf

 

Jaishree Razzaq

Chief Risk Officer & Group Company Secretary

Network International Holdings Plc

(LEI: 213800XVRNKWENNLKK60)

 

Investor Relations enquiries

Network International  InvestorRelations@Network.Global

Amie Gramlick, Head of Investor Relations

 

 

Media enquiries

Teneo                                                                                                           NetworkInternational@Teneo.com

Ben Foster, Andy Parnis

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSFIFLEFEIFIIV
UK 100

Latest directors dealings