Launch of new £5 million Share Buyback Programme
GlobalData launches £5 million share buyback programme to return surplus capital and reduce share capital.
- Buyback size £5 million
- Maximum shares authorised for repurchase 75,721,663 Ordinary Shares
- Maximum price per share 105% of five-day average middle market quotation
- Minimum price per share £0.0001
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GlobalData Plc is pleased to announce a new share buyback programme of up to a maximum consideration of £5 million (the 'Share Buyback Programme'), within certain pre-set parameters. The purpose of the Share Buyback Programme is to return surplus capital to shareholders and reduce the Company's share capital. As such, all Ordinary Shares repurchased by the Company under the Share Buyback Programme will be cancelled. The Share Buyback Programme is expected to commence on 23 June 2026.
The Share Buyback Programme will be effected under the authority granted by shareholders at the Company's 2026 Annual General Meeting to purchase a maximum of 75,721,663 Ordinary Shares, taking into account the Company's previous share buyback activity.
Any purchases of Ordinary Shares by the Company under the Share Buyback Programme will be carried out on the London Stock Exchange in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Share Buyback Programme will be carried out in accordance with the parameters prescribed by the Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and Chapter 12 of the Financial Conduct Authority's Listing Rules. The Company may repurchase up to 25% of this average daily volume.
The maximum price paid per Ordinary Share will be no more than an amount equal to 105 per cent. of the average middle market quotations for an Ordinary Share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the Ordinary Share is purchased. The minimum price that may be paid is £0.0001 per share.
GlobalData has entered into non-discretionary arrangements with Investec Bank plc ('Investec') to conduct the Share Buyback Programme on its behalf.
The Company will make further regulatory announcements in respect of repurchases of Ordinary Shares as required by UK MAR and the UK Listing Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.