Informa PLC Transaction in Own Shares (4179B)

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RNS Number : 4179B

Informa PLC

02 June 2023

Informa PLC Press Release

02 June 2023

Informa Share Buyback Programme

Update on GAP 2 shareholder returns

Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services 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 a GBP1bn Share Buyback Programme.

As part of this Share Buyback, on 01 June 2023, the Company purchased 269,395 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 697.82 pence per share. The highest and lowest purchase price paid per share were 700.40 and 691.20 respectively, with the aggregate details of shares purchased by trading venue as outlined in the table below:

 
Trading venue           Weighted average price   Aggregate number of    Lowest price paid per   Highest price paid per 
                         paid per share (GBp)      shares purchased             share                   share 
                                                                                (GBp)                   (GBp) 
London Stock Exchange           697.74                  96,701                  692.00                  700.20 
Chi-X (CXE)                     697.84                 129,674                  691.20                  700.40 
BATS (BXE)                      697.90                  37,761                  692.00                  700.20 
AQUIS (AQXE)                    698.03                  5,259                   692.00                  699.80 
 

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 1,407,949,564 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/4179B_1-2023-6-1.pdf

 
Enquiries 
Richard Menzies-Gow, Director of IR 
 & Communications                           [phone] 
Heledd Hanscomb, Deputy Company Secretary   [phone] 
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June 02, 2023 02:00 ET (06:00 GMT)