Update to Share Buyback Programme
Source: RNS
16 August 2024
GlobalData Plc
Update to Share Buyback Programme
GlobalData Plc ('GlobalData' or the 'Group') announced on 31 July 2024 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').
Under the terms of the Share Buyback Programme as originally announced, GlobalData will not purchase more than 25% of the average daily volume of its shares, being based on the average daily volume traded in the 20 trading days preceding the date of purchase. Due to the limited liquidity in the issued ordinary shares, the terms of the buyback have now been amended such that any buyback of ordinary shares pursuant to the authority on any trading day may exceed 25% (but remain below 50%) of the average daily trading volume, being the limit laid down in Article 5(1) of UK MAR and, accordingly, the Company will not benefit from the exemption contained in that Article.
ENQUIRIES
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GlobalData Plc |
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Mike Danson, Chief Executive Officer |
0207 936 6400 |
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Graham Lilley, Chief Financial Officer |
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J.P. Morgan Cazenove (Nomad, Joint Broker) |
0203 493 8000 |
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Bill Hutchings |
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Mose Adigun |
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Panmure Liberum (Joint Broker) |
0207 886 2500 |
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Rupert Dearden |
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Dougie McLeod |
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Investec Bank plc (Joint Broker) Henry Reast Virginia Bull |
0207 597 5970 |
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FTI Consulting (Financial PR) |
0203 727 1000 |
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Edward Bridges |
globaldata@fticonsulting.com |
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Dwight Burden |
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Emma Hall |
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