Last checked at 17 May 2018 13:19
Experian plc
Share repurchases
17 May 2018 - Experian plc, the global information services company (the "Company"), hereby notifies the market that, as announced earlier on 17 May 2018, the Company will repurchase ordinary shares through a share repurchase programme, to be undertaken from now up to 30 June 2019. The purpose of the programme is to allocate surplus cash to reduce the capital of the Company, in line with the Group's capital framework.
The maximum pecuniary amount allocated to the programme is US$400,000,000 (which includes the amount required to complete the previous repurchase programme) and the maximum number of ordinary shares to be purchased under the programme is 40,000,000.
It is intended that the shares purchased by the Company under the programme will be cancelled.
Any share repurchases by the Company will be effected in accordance with the Company's general authority to purchase its own shares and Chapter 12 of the UK Listing Authority's Listing Rules.
Contact:
Experian
Ronan Hanna | Deputy Company Secretary | +353 (0) 1 846 9128 |
About Experian
Experian is the world's leading global information services company. During life's big moments - from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers - we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.
We have 16,500 people operating across 39 countries and every day we're investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.