27th January
2025
Johnson Matthey Plc
(the Company)
Establishment of Investment Committee
The Company is pleased to announce
the establishment of an Investment Committee (the "Committee") of
the Board. The Committee, established on 24th January
2025, will reinforce the Company's investment strategies and
capital allocation.
The Board recognises the need for
the Company to remain agile in uncertain markets and adapt its
investment strategy and capital allocation as needed, alongside
identifying initiatives to accelerate and deliver cash generation
and enhanced returns on capital. The Committee will provide
additional oversight to these areas in line with the Company's
commitment to delivering sustainable shareholder value.
Specific responsibilities of the
Committee will include review and endorsement of i) investment and
capital allocation strategy, ii) major capital projects and, iii)
M&A activity. In discharging these duties, the Committee will
give consideration to leading market indicators, execution risk,
and levels of return and cash generation for
shareholders.
The Committee will be chaired by
Barbara Jeremiah, Senior Independent Director and will initially
consist of the following additional members:
Liam Condon
Chief Executive
Sinead
Lynch
Independent Non-Executive Director
Stephen Oxley
Chief Financial Officer
Doug Webb
Independent Non-Executive Director
The Committee's Terms of Reference
will shortly be available on our website: www.matthey.com/governance-framework
This announcement is made in
compliance with the Company's obligations under the UK Listing
Rules ("UKLR"), specifically UKLR 6.4.6R.
ENDS
Enquiries:
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Simon Price
|
General Counsel and Company
Secretary
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+44 20 7269 8052
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Martin Dunwoodie
|
Director of Investor Relations and
Treasury
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+44 20 7269 8241
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Johnson Matthey Plc is listed on the
London Stock Exchange (JMAT)
Registered
in England & Wales number:
00033774
Legal Entity Identifier number:
2138001AVBSD1HSC6Z10