John
Menzies plc
(the “Company”)
SHARE REPURCHASE
PROGRAMME
15 March 2018
The Company announces that from today until 17 May 2018 it will commence an irrevocable,
discretionary programme (the "Programme") to purchase up to
500,000 of the Company's ordinary shares of 25 pence each (the "Ordinary Shares").
The purpose of the Programme is to put Ordinary Shares into
treasury for use in meeting future obligations to employees arising
from share plan awards.
Any purchases will be conducted in compliance with the relevant
conditions for trading, restrictions regarding time and volume,
disclosure and reporting obligations, and price conditions. The
Company confirms that it currently has no unpublished Inside
Information.
The Programme will be conducted by the Company in accordance
with and under the terms of the general authority granted by the
Company's shareholders at its Annual General Meeting on
12 May 2017, which authority will
expire at the end of the next Annual General Meeting of the Company
in 2018 or, if earlier, at the close of business on 30 June 2018, Chapter 12 of the Listing Rules and
the provisions of the Market Abuse Regulation 596/2014/EU dealing
with buy-back programmes.
The buyback will be conducted by the Company’s brokers, Numis
Securities Limited (“Numis”). The Company will provide
Numis with instructions in relation to the buyback, including
irrevocable instructions should the Company enter a close period or
otherwise come into possession of price sensitive information. The
aggregate maximum consideration payable by the Company in respect
of the purchase of Ordinary Shares under the Programme up to
17 May 2018 is £3.5 million. The
maximum number of Ordinary Shares that may be purchased under the
Programme is 500,000.
John Geddes
Group Company Secretary & Corporate Affairs Director
0131 225 8555