Share buyback and cancellation programme
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your VID notes
SHARE BUYBACK AND CANCELLATION
Videndum plc ("the Company") announces that on 5 November 2024 it commenced a share buyback and cancellation programme ("Buyback Programme") of its ordinary shares of 20p each (the "Ordinary shares"). The Company has appointed Investec, as its corporate broker, to manage the buyback programme to repurchase Ordinary shares on its behalf.
The Buyback Programme will take place in open market transactions and will be a small buyback to eliminate new issue shares which are tied to a US share plan over which options have been exercised during 2024.
The Buyback Programme is in accordance with the Company's general authority to purchase a maximum of 9,420,120 Ordinary Shares, granted by its shareholders at the Annual General Meeting held on 19 June 2024, including that the maximum price paid per Ordinary Share is the highest of: a) an amount equal to 5% above the average market immediately preceding the day on which that Ordinary Share is contracted to be purchased; and b) the higher of the price of the last independent trade and the highest current independent purchase bid for Ordinary Shares on the trading venue where the purchase is carried out.
Under this Buyback Programme, the Company intends to cancel all the purchased Ordinary Shares.
The Company confirms that it currently has no unpublished price sensitive information.
We employ around 1,600 people across the world in 10 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.