GlobalData PLC Launch of Share Buyback Programme
31 Luglio 2024 - 8:03AM
RNS Regulatory News
RNS Number : 5461Y
GlobalData PLC
31 July 2024
31
July 2024
GlobalData
Plc
Launch of Share Buyback
Programme
GlobalData Plc ('GlobalData' or the
'Group') confirms that, as announced on 31 July 2024 in its Interim
Statement for the half year ended 30 June 2024, the Board has
approved a return of surplus capital of £10 million to shareholders
to be implemented through a share buyback programme of GlobalData's
ordinary shares (the ' Share Buyback Programme').
GlobalData has entered into
non-discretionary arrangements with Panmure Liberum Limited
('Panmure Liberum') to conduct the Share Buyback Programme on its
behalf from 31 July 2024. Under these arrangements, Panmure
Liberum will make trading decisions in relation to the buyback of
the Group's ordinary shares independently of the Group within the
programme terms and pre-set parameters.
The purpose of the Share Buyback
Programme is to return surplus capital to shareholders and reduce
the Group's share capital. As such, all ordinary shares
repurchased by the Group under the Share Buyback Programme will be
cancelled.
Shares purchased under the Share
Buyback Programme will take place in open market transactions and
may be made from time to time depending on market conditions, share
price and trading volumes. The Share Buyback Programme will
be effected under the authority granted by shareholders at the
Group's 2024 Annual General Meeting to purchase a maximum of
84,502,770 Ordinary Shares. The Share Buyback Programme will run
from the date of this announcement until 31 October 2024. Any
further updates to the Share Buyback Programme will be announced in
due course.
The Share Buyback Programme will be
conducted within the parameters prescribed by the Market Abuse
Regulation 596/2014 and the Commission Delegated Regulation (EU)
2016/1052 (as in force in the UK, from time to time, including,
where relevant, pursuant to the UK's European Union (Withdrawal)
Act 2018 and the Market Abuse (Amendment) (EU Exit) Regulations
2019).
The maximum price paid per Ordinary
Share will be no more than the higher of (i) an amount equal to 105
per cent. of the average middle market quotations for an Ordinary
Share, as derived from the London Stock Exchange Daily Official
List, for the five business days immediately preceding the day on
which the Ordinary Share is purchased; and (ii) an amount equal to
the higher of the price of the last independent trade and the
highest current independent purchase bid for Ordinary Shares on the
trading venue where the purchase is carried out. The minimum
price that may be paid is £0.0001 per share.
The Company will make further
regulatory announcements in respect of repurchases of Ordinary
Shares as required by UK MAR and the AIM Rules.
ENQUIRIES
GlobalData Plc
|
|
Mike Danson, Chief Executive
Officer
|
0207 936 6400
|
Graham Lilley, Chief Financial
Officer
|
|
|
|
J.P. Morgan Cazenove (Nomad, Joint Broker)
|
0203 493 8000
|
Bill Hutchings
|
|
Mose Adigun
|
|
|
|
Panmure Gordon (Joint Broker)
|
0207 886 2500
|
Rupert Dearden
|
|
Dougie McLeod
|
|
|
|
Investec Bank plc (Joint Broker)
Henry Reast
Virginia Bull
|
0207 597 5970
|
|
|
FTI
Consulting (Financial PR)
|
0203 727 1000
|
Edward Bridges
|
globaldata@fticonsulting.com
|
Dwight Burden
|
|
Emma Hall
|
|
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