Close
Company Search
Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Proposed Share Buyback

30th Sep 2021 07:00

RNS Number : 4686N
Jardine Matheson Hldgs Ltd
30 September 2021
 

JARDINE MATHESON HOLDINGS LIMITEDPROPOSED SHARE BUYBACKJardine Matheson Holdings Limited (the 'Company') today announces its intention to return up to US$250 million to its shareholders by 30th June 2022 through a share buyback (the 'Buyback').

 

The Company's ordinary shares will be repurchased by the Company, in accordance with powers under the Bermuda Companies Act and the constitution of the Company. In accordance with the Company's current practice, details of any repurchases made by the Company will be provided to the market via regulatory announcements and published on the Company's website.

 

The purpose of the Buyback is to reduce the capital of the Company. As the holding of treasury shares is not provided for in the Company's constitution, any shares which the Company repurchases will be cancelled. 

 

The Buyback is in line with Jardine Matheson Group's previously announced capital allocation policy. The Group remains committed to return gearing nearer to historic levels over the medium term, following the simplification of the Group's holding structure earlier in the year.

Jonathan Lloyd, Jardine Matheson Limitedfor and on behalf of Jardine Matheson Holdings Limited30th September 2021www.jardines.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSSEEEDUEFSEIU

Related Shares:

Jardine Math.sr
FTSE 100 Latest
Value8,809.74
Change53.53