Future PLC Share Buyback Programme and Notice of GM (5633G)
20 7월 2023 - 12:20AM
UK Regulatory
TIDMFUTR
RNS Number : 5633G
Future PLC
19 July 2023
For immediate release
19 July 2023
Future plc
("Future" or the "Company")
Proposed Return of Cash via a Share Buyback Programme and Notice
of General Meeting
Future 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 GBP45 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.
The 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.
It 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.
The 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.or g .uk/#/nsm /nationalstora gemechanism. The
notice will also be available to view on the Company's website:
www.futureplc.com.
The General Meeting will be held at 121-141 Westbourne Terrace,
Paddington, London W2 6JR on 3 August 2023 at 9.30 a.m.
Enquiries
Future plc
Jon Steinberg, Chief Executive Officer +44 (0)122 544 2244
Penny Ladkin-Brand, Chief Financial Officer
Marion Le Bot, Head of Investor Relations +44(0)777 564 1509
Media
Headland +44 (0) 203 805 4822
Stephen Malthouse, Rob Walker, Charlie Twigg
future@headlandconsultancy.com
Legal Entity Identifier (LEI) : 213800K2581YRLEXV353
About Future
Future is a digital-first global platform for intent-led
specialist media. Underpinned by leading technology and enabled by
data, we operate c.250 brands in diversified content verticals,
across our B2C and B2B divisions with multiple market leading
positions and three core monetisation frameworks: advertising,
eCommerce affiliate and direct consumer monetisation. We organise
our brands by specialist interest and have four main content
verticals with 16 subcategories ranging from Consumer Technology
and Home to Wealth and Women's Lifestyle. Our content is published
and distributed through a range of formats including websites,
email newsletters, videos, magazines and live events. The
successful execution of our strategy is focused on three pillars:
organic growth, the platform effect and value-creating M&A.
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END
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(END) Dow Jones Newswires
July 19, 2023 11:20 ET (15:20 GMT)
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