27 February 2025
Wilmington
plc
Share repurchase
programme
Wilmington plc ("Wilmington" or the
"Group") (LON: WILM), the provider of data, information, education
and training services in the global Governance, Risk and Compliance
(GRC) markets, announces today that it will today commence a share
repurchase programme of its ordinary shares of 5 pence each (the "Ordinary Shares") up
to a maximum consideration of £5 million to be executed by the
Group's next Annual General Meeting, expected to be held in
November 2025 (the "Repurchase Programme").
As announced at the Group's half year
results, Wilmington has a strong balance sheet which allows it to
invest across the business, both organically and inorganically. The
Board has concluded that a repurchase programme provides a balanced
approach for additional returns of capital to shareholder whilst it
continues its strategic priority, being the active pursuit of
opportunities to invest in accretive acquisitions.
Wilmington has entered into a
non-discretionary arrangement with Numis Securities Limited,
trading as Deutsche Numis, to conduct the Repurchase Programme on
its behalf starting from today. Under these arrangements, Deutsche
Numis will make trading decisions in relation to the buyback of the
Group's ordinary shares of 5 pence each independently of the Group
within the programme terms and pre-set parameters, including in the
case of any purchases made during closed periods.
Any purchase of Ordinary Shares done
in relation to this announcement will be executed in accordance
with (i) the terms and parameters of Deutsche Numis' engagement;
(ii) the relevant regulations, including the EU Market Abuse
Regulation (596/2014), the Commission Delegated Regulation
(2016/1052), in each case as such legislation forms part of
retained EU law (as defined in the EU (Withdrawal) Act 2018), and
Chapter 12 of the Financial Conduct Authority's Listing Rules
and (iii) the Group's general authority to make market purchases of
Shares as approved by shareholders at the AGM held on 28th November
2024. There may be circumstances where the Group conducts share
repurchases such that they exceed 25 per cent of the average daily
volume in Ordinary Shares for the 20 trading days prior to the
share repurchase.
The Group will announce any market
repurchase of ordinary shares no later than 7.30am on the business
day following the calendar day on which the repurchase occurred.
Ordinary shares purchased under the Repurchase Programme will
either be cancelled or held in treasury.
The Group confirms that it currently
has no unpublished price sensitive information.
For further information, please
contact:
Wilmington plc
020 7490 0049
Guy Millward, Chief Financial
Officer
Meare Consulting
07990 858548
Adrian Duffield
Notes to
Editors
Wilmington plc is the recognised
knowledge leader and partner of choice for data, information,
education and training in the global Governance, Risk and
Compliance (GRC) markets. Wilmington employs over 650 people and
sells to around 120 countries. Wilmington is listed on the main
market of the London Stock Exchange.
