Transaction in Own Shares

RNS Number : 5566X
Network International Holdings PLC
30 August 2022
 

30 August 2022: Network International Holdings Plc

 

Transaction in own shares

 

Network International Holdings Plc. (LSE: NETW) (the "Company") announces that on 26 August 2022, it has purchased its own ordinary shares through its broker Citigroup Global Markets Limited as detailed below:

 

Trade Date

Daily Number of Shares Purchased

Lowest Price paid per Share

Highest Price paid per Share

Volume Weighted Average Price paid per Share

Venue

Trading Currency

 26-Aug-22

 20,000

234.20p

240.40p

238.55p

 BATE

GBp

 26-Aug-22

 20,000

234.20p

241.00p

238.37p

 CHIX

GBp

 26-Aug-22

 260,032

233.80p

240.60p

238.35p

 XLON

GBp

TOTAL

300,032






*rounded to two decimals

 

These share purchases form a part of the share buyback programme of up to an aggregate purchase price of USD 100 million announced on 11 August 2022 (the "Buyback Programme"). The Buyback Programme, which started on 15 August 2022, is based on the authorisation granted by the Company's Annual General Meeting on 19 May 2022.

 

The Company will hold the repurchased shares in treasury. Following the above transactions, the Company holds 1,896,844 of its ordinary shares in treasury and has 559,204,846 ordinary shares in issue (excluding treasury shares), which corresponds to the total number of voting rights.

 

This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

 

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as incorporated into and implemented under English law (including by virtue of the European Union (Withdrawal) Act 2018), the detailed breakdown of individual trades made by Citigroup Global Markets Limited on behalf of the Company as part of the Buyback Programme can be found at:


http://www.rns-pdf.londonstockexchange.com/rns/5566X_1-2022-8-30.pdf



Jaishree Razzaq

Chief Risk Officer & Group Company Secretary

Network International Holdings Plc

(LEI: 213800XVRNKWENNLKK60)

 

Investor Relations enquiries

Network International  InvestorRelations@Network.Global

Amie Gramlick, Head of Investor Relations    

Media enquiries

Teneo  NetworkInternational@Teneo.com

Ben Foster, Andy Parnis 

 

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