Kerry Group PLC Kerry Announces €300m Share Buyback Programme
2024年5月3日 - 8:10PM
RNS Regulatory News
RNS Number : 2160N
Kerry Group PLC
03 May 2024
3 May 2024
LEI: 635400TLVVBNXLFHWC59
KERRY GROUP PLC
Regulatory Announcement
KERRY GROUP PLC ANNOUNCES €300m SHARE BUYBACK
PROGRAMME
On 2 May 2024, Kerry Group plc ("Kerry" or the "Company") announced its intention to
launch a new share buyback programme of up to €300 million (the
"Buyback Programme"). The
Buyback Programme is underpinned by the Group's strong balance
sheet and cash flow and is aligned to Kerry's Capital Allocation
Framework.
Kerry announces that, pursuant to the Buyback
Programme, it has entered into non-discretionary instructions with
Goldman Sachs International and J&E Davy (the "Banks") to purchase up to €300 million
of Kerry's A Ordinary Shares of €0.125 each (the "Shares") on its behalf, and to make
trading decisions under the Buyback Programme independently of
Kerry in accordance with certain pre-set parameters.
The Buyback Programme will commence on 7 May
2024 and will end no later than 19 December 2024. All Shares will
be purchased by the Banks on the Company's behalf (on a riskless
principal basis) on Euronext Dublin for subsequent repurchase by
the Company on Euronext Dublin or the London Stock
Exchange.
The purpose of the Buyback Programme is to
reduce the share capital of the Company and as such, the Company
will cancel any Shares repurchased.
The Buyback Programme will be carried out
within certain pre-set parameters and within the limitations of the
authority granted at Kerry's Annual General Meeting on 2 May 2024
and any renewal of that authority. The maximum number of Shares
that may be purchased under the Buyback Programme is 17,347,949
Shares.
The Buyback Programme will be conducted in
accordance with the relevant provisions of the Market Abuse
Regulation 596/2014/EU ("MAR" and including MAR as in force in
the UK and as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019) and the Commission Delegated Regulation (EU)
2016/1052 (including as in force in the UK and as amended by the
FCA's Technical Standards (Market Abuse Regulation) (EU Exit)
Instrument 2019) as well as the rules of the Central Bank of
Ireland.
Any repurchase of Shares will be announced no
later than 7:30 am on the business day following the calendar day
on which the repurchase occurred.
|
CONTACT INFORMATION
|
|
|
|
|
|
Group Secretary
|
|
|
Ronan Deasy
|
|
|
+353 66 7182000 | GroupCoSec@kerry.ie
|
|
|
|
|
|
Website
|
|
|
www.kerry.com
|
|
|
|
|
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
POSAJMBTMTMMBLI
Kerry (LSE:KYGA)
過去 株価チャート
から 4 2024 まで 5 2024
Kerry (LSE:KYGA)
過去 株価チャート
から 5 2023 まで 5 2024