Launch of new £10 million Share Buyback Programme
Summary by AI BETAClose X
31 March 2026
GlobalData Plc ('GlobalData' or 'the Company')
Launch of new £10 million Share Buyback Programme
GlobalData Plc is pleased to announce a new share buyback programme of up to a maximum consideration of £10 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 31 March 2026 and be completed before the Company's Interim Results are published.
The Share Buyback Programme will be effected under the authority granted by shareholders at the Company's 2025 Annual General Meeting to purchase a maximum of 80,653,410 Ordinary Shares, taking into account the Company's previous share buyback activity, and will be subject to the renewal of such authority at the Company's 2026 Annual General Meeting, which is being held on 28 April 2026.
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.
-ENDS-
ENQUIRIES
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GlobalData Plc |
0207 936 6400 |
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Mike Danson, Chief Executive Officer |
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Graham Lilley, Chief Financial Officer |
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Investec Bank Plc (Joint Broker) |
0207 597 4000 |
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Henry Reast |
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Virginia Bull |
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FTI Consulting (Financial PR) |
0203 727 1000 |
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Edward Bridges |
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Dwight Burden |
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Emma Hall |
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