Transaction in Own Shares

RNS Number : 9879T
Network International Holdings PLC
23 March 2023
 

23 March 2023: Network International Holdings Plc

 

Transactions in own shares

 

Network International Holdings Plc. (LSE: NETW) (the "Company") announces that on 22 March 2023, 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

 22-Mar-23

 140,504

253.00p

257.40p

254.79p

 XLON

GBp

TOTAL

 140,504






*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 shares purchased on the Trade Date above will be cancelled. Following the cancellation, the Company holds 5,000,000 of its ordinary shares in treasury and has 539,187,194 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/9879T_1-2023-3-23.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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