Update to Share Buyback Programme
GlobalData amends terms of £10m share buyback programme to allow purchases exceeding 25% of average daily volume.
- Capital return £10 million
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.