Ascential PLC Share repurchase programme (1893E)
February 26 2020 - 4:01AM
UK Regulatory
TIDMASCL
RNS Number : 1893E
Ascential PLC
26 February 2020
26 February 2020
Ascential plc ("the Company")
Share repurchase programme
Pursuant to the authority granted at the Annual General Meeting
of the Company held on 8 May 2019, the Company announces it entered
into a non-discretionary agreement with Numis Securities Limited
("Numis") on 25 February 2020 in relation to the purchase by Numis,
acting as principal, of the Company's ordinary shares of 1 pence
each ("Ordinary Shares") for an aggregate purchase price of up to
GBP120m (the "Programme") and not exceeding 40,277,568 ordinary
shares of 0.01p each, representing approximately 9.99% per cent. of
its current issued ordinary share capital.
The Company commenced the buyback programme on Tuesday 25
February 2020.
Any purchase of shares done in relation to this announcement
will be carried out on the London Stock Exchange and will be
effected within certain pre-set parameters.
Ascential's shareholders generally authorised Ascential to
purchase Ordinary Shares at its 2019 Annual General Meeting held on
8 May 2019, subject to certain limitations (the "Authority"). The
aggregate number of Ordinary Shares acquired by the Company
pursuant to the Programme shall not exceed the maximum number of
Ordinary Shares which the Company is authorised to purchase
pursuant to the Authority. The Programme will be executed in
accordance with (and subject to the limits prescribed by) the
Authority and will be conducted within the parameters prescribed by
the Market Abuse Regulation 596/2014, the Commission Delegated
Regulation (EU) 2016/1052 and in accordance with Chapter 12 of the
Listing Rules.
The Company will announce any market repurchase of shares no
later than 7.30 a.m. on the business day following the calendar day
on which the repurchase occurred. The purpose of the Programme is
to reduce the share capital of the Company. All Shares purchased
will be cancelled.
The total number of voting rights in the Company on 25 February
2020 was 403,274,977.
Name and contact details for enquiries:
Louise Meads, Company Secretary +44 (0) 20 7516 5042
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END
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