Johnson Matthey PLC Completion of Medical Device Components sale

RNS Number : 5829U

Johnson Matthey PLC

01 July 2024

 

Johnson Matthey announces completion of Medical Device Components sale

1^st July 2024

 

 

Further to the announcement on 20th March 2024, Johnson Matthey Plc (JM) is pleased to announce that it has today completed the sale of its Medical Device Components business (MDC) in accordance with the terms of the sale agreement entered into between JM and Montagu Private Equity for cash consideration of US$700 million (£550 million) on a cash free debt free basis.

The board confirms its intention to return £250 million of the net proceeds from the sale of MDC by way of an on-market share buyback programme. This will commence later this week and further details will be announced in due course.

ENDS

 

 

Enquiries:
Investor Relations
Martin Dunwoodie Louise Curran	Director of Investor Relations and Treasury Head of Investor Relations	[phone] [phone]
Chris Wood	Senior Investor Relations Manager	[phone]
Media
Sinead Keller Harry Cameron	Group External Relations Director Teneo	[phone] [phone]

 

Johnson Matthey Plc is listed on the London Stock Exchange (JMAT)

Registered in England & Wales number: 00033774

Legal Entity Identifier number: 2138001AVBSD1HSC6Z10

 

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END

 

 

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