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Last checked at 
24 Mar 2025 07:00
24 March 2025, London
Intertek Group plc ('Intertek' or the 'Company')
Share buyback programme
Intertek, a leading Total Quality Assurance provider to industries worldwide, announces that, in connection with the share buyback programme (the 'Programme') which it announced on 4 March 2025, it is commencing the Programme to purchase ordinary shares in the Company ('Shares') with an aggregate value of up to £350 million subject to remaining within the AGM authority granted by shareholders at the 2024 Annual General Meeting (the '2024 AGM authority') for a maximum of 16,139,312 Shares during the period starting 24 March 2025 and ending no later than 31 December 2025 (the 'Engagement Period') in order to reduce the capital of the Company.
The Company has entered into an agreement with J.P. Morgan Securities plc ('JPMS plc') under which it has issued an irrevocable instruction to JPMS plc to manage the Programme. JPMS plc will carry out the instruction through the acquisition of Shares for subsequent repurchase by the Company. This arrangement is in accordance with Chapter 9.6 of the UKLA Listing Rules and the Company's general authority to repurchase shares.
JPMS plc may undertake transactions in Shares (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over-the-counter basis) during the Engagement Period in order to manage its market exposure under the Programme. Disclosure of such transactions will not be made by JPMS plc as a result of or as part of the Programme, but JPMS plc will continue to make any disclosures it is otherwise legally required to make.
-ENDS-
CONTACTS
For further information, please contact:
Denis Moreau, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Jonathon Brill/James Styles, DGA Group
Telephone: +44 (0) 7836 622 683 intertek@dgagroup.com
Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains. Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely. intertek.com |
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