Business
Transaction in Own Shares; Miscellaneous
Transaction in Own Shares; Miscellaneous.
About this update from Melrose Industries Plc
[{"type":"text","content":"\n\n24 March 2025\nMELROSE INDUSTRIES PLC (\"Melrose\" or the \"Company\")\nTransactions in Own Shares, Notification of Transactions by Persons Discharging Managerial Responsibility, Cancellation of Treasury Shares and Total Voting Rights\nThe Company announces today it has purchased the following number of its ordinary shares of £0.001 each through J.P. Morgan Securities plc.\nOrdinary Shares:\n\n\n\n\nDate of purchase:\n\n\n21 March 2025\n\n\n\n\nNumber of ordinary shares purchased\n\n\n372,900\n\n\n\n\nLowest price per share:\n\n\n520.0000\n\n\n\n\nHighest price per share:\n\n\n552.8000\n\n\n\n\nWeighted average price per day:\n\n\n534.8229\n\n\n\n\nThe Company intends to hold the purchased shares in treasury. The detailed information about the purchases made as part of the buyback programme can be found below.\nIn addition, on 21 March 2025, Peter Dilnot, the Company's Chief Executive Officer, and Matthew Gregory, the Company's Chief Financial Officer, were each granted an Award under the Melrose 2024 Performance Share Plan (the \"PSP\"). Capitalised terms used but not otherwise defined herein shall have the meaning given in the rules of the PSP originally adopted on 2 May 2024, as amended from time to time.\nPeter Dilnot's Award was granted over 567,059 ordinary shares in the Company (\"Ordinary Shares\") and Matthew Gregory's Award was granted over 269,479 Ordinary Shares. Both of these Awards were granted in the form of an Option with a nil Option Price and will Vest on 21 March 2028 subject to the achievement of performance conditions over the vesting period.\nThe notification of dealing forms can be found below. The relevant disclosures set out below are provided in accordance with Article 19 of the Market Abuse Regulation (EU) 596/214 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.\nThe Company has a significant number of Ordinary Shares held in treasury, as a result of its ongoing buyback programme. On 21 March 2025, the Company reduced the number of Ordinary Shares held in treasury, by cancelling 40,000,000 of the Ordinary Shares held in treasury.\nIn accordance with the FCA's Disclosure Guidance and Transparency Rules (the \"DTRs\"), the Company announces that, following the buyback transaction referred to above and the cancellation of treasury shares referred to abo...