Business
Share Buyback Programme and Notice of GM
Share Buyback Programme and Notice of GM.
About this update from Future Plc
[{"type":"text","content":"\n\n \nFor immediate release\n \n19 July 2023\n \nFuture plc\n \n(\"Future\" or the \"Company\")\n \n \nProposed Return of Cash via a Share Buyback Programme and Notice of General Meeting\n \n \nFuture plc (LSE: FUTR) the global platform for intent-led specialist media, announces that, following its announcement dated 10 July 2023, of its proposal to return up to £45 million of cash to its shareholders, through the means of an on-market share buyback programme (the Share Buyback Programme), a notice convening a general meeting (the General Meeting) at which shareholders will be asked to approve a resolution authorising the Company to buy back up to 10 per cent. of its existing ordinary share capital through on-market purchases (the Share Buyback Authority) is expected to be posted to shareholders later today.\n \nThe Company is convening the General Meeting to approve the Share Buyback Authority, under which the Company intends to implement the Share Buyback Programme. The Company intends to renew the same general 10 per cent. buyback authority as a standing matter at future annual general meetings. \n \nIt is expected that, subject to the resolution approving the Share Buyback Authority being passed at the General Meeting, the Share Buyback Programme would commence thereafter. Further details regarding the commencement and implementation of the Share Buyback Programme will be announced in due course.\n \nThe notice of General Meeting as dispatched to shareholders of the Company will shortly be submitted to the FCA's National Storage Mechanism and will be available for inspection on its website: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The notice will also be available to view on the Company's website: www.futureplc.com.\n \nThe General Meeting will be held at 121-141 Westbourne Terrace, Paddington, London W2 6JR on 3 August 2023 at 9.30 a.m.\n \n \nEnquiries\n \nFuture plc\nJon Steinberg, Chief Executive Officer +44 (0)122 544 2244\nPenny Ladkin-Brand, Chief Financial Officer\nMarion Le Bot, Head of Investor Relations &nb...