Last checked at 9 May 2013 09:12
Experian plc
Share purchase programme
9 May 2013 - Experian plc, the global information services company, hereby notifies the market that, as announced earlier today, the Company is commencing a share purchase programme totalling $500m over the next 12 months (inclusive of share purchases by the Experian plc Employee Share Trust in respect of employee share plans that vest).
The programme is to be carried out pursuant to and in accordance with the authority conferred by the Company's shareholders at the annual general meeting held on 18 July 2012, for up to a maximum of 100,900,421 ordinary shares.
It is intended that any shares purchased by the Company under the programme will be transferred into treasury.
Any share purchases by the Company under the programme will be effected in accordance with the Company's general authority to purchase its own shares and Chapter 12 of the UKLA Listing Rules which requires that the maximum price is an amount not higher than (i) 105 per cent of the average market value of the Company's shares for the five business days immediately preceding the date on which the Company's shares are purchased, and (ii) that stipulated by Article 5(1) of the Buy Back and Stabilisation Regulation.
Contact:
Experian
Ronan Hanna | Deputy Company Secretary | +353 (0) 1 846 9128 |