Johnson Matthey PLC - London-based chemicals maker - Further to Monday’s announcement, confirms start of first tranche of buyback programme, which in total is for up to a maximum consideration of £250 million. The first tranche, which starts immediately, is for a maximum consideration of £125 million. Citigroup Global Markets Ltd will manage the programme. The sole purpose of the share buyback programme is to reduce the share capital of the company. All shares repurchased under the programme will be cancelled.

Current stock price: 1,632.00 pence, up 3.4% in London on Wednesday morning

12-month change: down 7.0%

Copyright 2024 Alliance News Ltd. All Rights Reserved.