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INF Informa Plc

797.00
13.40 (1.71%)
22 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Informa Plc LSE:INF London Ordinary Share GB00BMJ6DW54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  13.40 1.71% 797.00 798.40 798.60 800.80 790.40 790.80 2,058,172 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Periodical:pubg,pubg & Print 3.28B 419M 0.2986 26.73 11.2B

Informa PLC Transaction in Own Shares

23/02/2024 7:00am

RNS Regulatory News


RNS Number : 1770E
Informa PLC
23 February 2024
 

Informa PLC Press Release

23 February 2024

Informa Share Buyback Programme

Update on GAP 2 shareholder returns

Informa PLC ('the Company') (LSE: INF.L), the international B2B Events, Specialist Data, Digital Services and Academic Markets 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 the launch of a Share Buyback Programme.

On 14 November 2023, this buyback programme was extended by £150m to £1.15bn.

As part of the extended Share Buyback, on 22 February 2024, the Company purchased 242,991 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 822.99 pence per share. The highest and lowest purchase price paid per share were 825.00 and 819.00 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

823.07

97,928

819.00

825.00

Chi-X (CXE)

822.93

108,063

819.00

825.00

BATS (BXE)

822.78

27,727

819.20

825.00

AQUIS (AQXE)

823.38

9,273

820.60

825.00

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 1,367,123,016 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/1770E_1-2024-2-22.pdf

Enquiries


Richard Menzies-Gow, Director of IR & Communications

+44 (0) 20 8052 2787

Heledd Hanscomb, Deputy Company Secretary

+44 (0) 20 8052 0661

 

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