Completion of the sale of Catalyst Technologies
Summary by AI BETAClose X
17th July 2026
Johnson Matthey Plc
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Johnson Matthey announces completion of the sale of its Catalyst Technologies business to Honeywell |
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Johnson Matthey Plc ("JM") is pleased to announce that it has completed the sale of its Catalyst Technologies business to Honeywell Technologies ("Honeywell") on 17th July 2026 for an enterprise value of £1,325 million on a cash and debt-free basis. |
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Liam Condon, Chief Executive Officer, commented: |
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We are pleased to have completed the sale of Catalyst Technologies to Honeywell. This is a significant milestone for Johnson Matthey as we transform into a focused, lean and cash generative group, underpinned by our world leading PGM expertise. We are grateful to our Catalyst Technologies colleagues for their significant contributions to Johnson Matthey over the years and wish the whole team every success for the future. |
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As announced on 23rd February 2026, and subject to shareholder approval, the Board confirms its intention to return £1 billion of net sale proceeds to JM shareholders, comprising |
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The special dividend is expected to be paid in the third quarter of calendar year 2026 and a circular and notice of general meeting setting out details of the proposed special dividend with share consolidation will be published in due course. The share buyback programme will commence following payment of the special dividend. This return of net sale proceeds is in addition to JM's ongoing shareholder returns policy¹. |
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For the purposes of UK Listing Rule 7.3.3, JM confirms that there has been no material change affecting any matter contained in JM's announcements on 22nd May 2025 and |
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ENDS |
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Enquiries: |
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Investor Relations |
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Louise Curran |
Head of Investor Relations |
+44 20 7269 8235 |
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Media |
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Gill Corish |
Head of External Communications (Interim) |
+44 20 7269 8001 |
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Guy Bates |
Kekst CNC |
+44 7581 056 415 |
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Notes: |
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1. |
Shareholder returns of at least £200 million per annum in respect of 2026/27 and beyond (split between ordinary dividends and share buybacks). |
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Cautionary statement |
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This announcement contains forward-looking statements that are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which JM operates. It is believed that the expectations reflected in this announcement are reasonable but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. |
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Johnson Matthey Plc is listed on the London Stock Exchange (JMAT)
Registered in England & Wales number: 00033774
Legal Entity Identifier number: 2138001AVBSD1HSC6Z10
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