Mony Group PLC Commencement of Share Buyback
17 February 2025 - 6:00PM
RNS Regulatory News
RNS Number : 2544X
Mony Group PLC
17 February 2025
17
February 2025
For
immediate release
MONY Group
PLC
Share Repurchase
Programme
MONY Group PLC ("MONY") today announces that it
will commence a share repurchase programme of its ordinary shares
of 0.02 pence each (the "Ordinary Shares") up to a maximum consideration
of £30 million (the "Programme").
MONY announces that it has entered into an instruction to Morgan Stanley
& Co. International Plc ("Morgan Stanley") in relation to the purchase
by Morgan Stanley, acting as riskless principal during the period
commencing on 17 February 2025
and ending no later than 12 December 2025, of ordinary shares
in the share capital of MONY
(the "Shares") for an aggregate purchase
price of no greater than £30 million and the simultaneous on-sale
of such Shares by Morgan Stanley to MONY.
The Programme reflects MONY's
ongoing commitment to sustainable shareholder returns, in addition
to investment in organic and acquisitive growth, as a path to
creating long-term, sustainable shareholder value.
Any purchase of Ordinary Shares done in
relation to this announcement will be executed in accordance with
the relevant
regulations (including but not limited to the Listing Rules and MONY's general authority to make market purchases of
Shares.). The
shares will be purchased in accordance with the price and volume
conditions set out in the Commission Delegated Regulation (EU)
2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014
of the European Parliament and of the Council with regard to
regulatory technical standards for the conditions applicable to
buyback programmes and stabilisation measures as implemented,
retained, amended, extended, re-enacted or otherwise given effect
in the United Kingdom from 1 January 2021 and as amended or
supplemented in the United Kingdom thereafter. MONY will announce any market
repurchase of Ordinary Shares no later than 7.30 a.m.
on the business day following the calendar day on which the repurchase occurred.
To the extent permitted by law, Ordinary Shares
purchased under the Programme will be cancelled.
For further information, please
contact:
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Investors;
|
|
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|
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Niall McBride, Chief Financial
Officer
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0203 826 4688
|
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Jennifer Cooke, Head of Investor
Relations
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0203 846 2034
|
|
|
|
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Media:
|
|
|
William Clutterbuck, H/Advisors
Maitland
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07785 292617
|
This announcement does not constitute, or form part of, an
offer or any solicitation of an offer for securities in any
jurisdiction.
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END
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