Melrose Industries PLC Share buy-back programme
2024年10月1日 - 3:00PM
RNS Regulatory News
RNS Number : 3453G
Melrose Industries PLC
01 October 2024
1
October 2024
MELROSE INDUSTRIES PLC (THE
"COMPANY")
Share buy-back
programme
The Company confirms that its £500
million share buyback programme, as announced on 2 October 2023, is
now complete.
The Company announces that, in
connection with its share buy-back programme announced on 1 August
2024 to repurchase ordinary shares of £0.001 each in the capital of
the Company (the "Ordinary
Shares") up to a maximum aggregate consideration of £250
million over a period of 18 months (the "Programme"), the Company has entered
into an agreement with J.P. Morgan Securities plc ("JPMS plc") to commence the Programme on
1 October 2024.
In accordance with the Company's
general authority to make market purchases of existing Ordinary
Shares as granted by its shareholders at the Annual General Meeting
held on 2 May 2024 (the "General
Authority"), the Programme will purchase no more than
197,373,991 Ordinary Shares (as reduced by the Company's share
repurchase activity since 2 May 2024) prior to the Company's next
Annual General Meeting (or, if earlier, the close of trading on 30
June 2025). The continuation of the Programme beyond the conclusion
of the Company's next Annual General Meeting (or, if earlier, the
close of trading on 30 June 2025) will be subject to the Company
obtaining fresh general authority from its shareholders at such
Annual General Meeting.
It is intended that Ordinary Shares
repurchased shall be either held in treasury or cancelled, in each
case as notified to the market from time to time. Cancelling those
shares will reduce the share capital of the Company whilst holding
Ordinary Shares in treasury will give the Company the ability to
cancel or re-issue such Ordinary Shares at a later date. Any
purchases of Ordinary Shares by the Company in relation to the
Programme will be conducted in accordance with the General
Authority, any further approvals to repurchase shares as may be
granted by its shareholders from time to time, the Market Abuse
Regulation 596/2014 as it forms part of domestic law by virtue of
section 3 of the European Union (Withdrawal) Act 2018 (as amended
and supplemented), and Chapter 9 of the Listing Rules.
The Programme will be carried out
through a discretionary agreement with JPMS plc, pursuant to which
JPMS plc shall purchase Ordinary Shares as riskless principal (and
not as agent of the Company) for the subsequent sale on to, and
purchase by, the Company. JPMS plc will make its trading decisions
in relation to the Ordinary Shares independently of, and
uninfluenced by, the Company.
Enquiries:
Investor Relations:
|
+44 (0) 7974 974690
|
ir@melroseplc.net
|
|
Montfort Communications - Financial PR:
|
+44 (0) 20 3514 0897
|
Nick Miles miles@montfort.london
|
+44 (0) 7739 701634
|
Charlotte McMullen
mcmullen@montfort.london
|
+44 (0) 7921 881 800
|
JP
Morgan Cazenove - Corporate Broker:
|
+44 (0) 20 7986 4000
|
Robert Constant
|
|
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
MSCQKKBNKBKBNCN
Melrose Industries (LSE:MRO)
過去 株価チャート
から 9 2024 まで 10 2024
Melrose Industries (LSE:MRO)
過去 株価チャート
から 10 2023 まで 10 2024