Micro Focus International plc Completion of buyback programme (7231O)
October 03 2019 - 10:44AM
UK Regulatory
TIDMMCRO
RNS Number : 7231O
Micro Focus International plc
03 October 2019
3 October 2019
Completion of $200m buyback programme
Micro Focus International plc (the "Company") announces that it
has now completed its $200 million share buyback programme, details
of which were announced on 17 July 2019.
As at the close of business on 1 October 2019, the Company has
333,318,230 ordinary shares in issue and holds a further 30,226,265
ordinary shares in Treasury.
The figure of 333,318,230 should be used by shareholders (and
others with notification obligations) as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Disclosure Guidance and Transparency Rules.
At the same date, the Company has in issue live equity
incentives under a number of plans. Save for the Employee Share
Purchase Plan (ESPP), as at the close of business on 1 October
2019, these require a total of 13,485,121 ordinary shares
equivalent to 4.05% of the ordinary shares in issue (excluding
Treasury Shares). Of these non-ESPP equity incentives, those over
1,765,253 ordinary shares have vested and are capable of exercise
by individuals. Awards over the remaining 11,719,868 ordinary
shares may vest in future, subject to the rules of these plans.
The nature of the ESPP means that the number of shares that will
ultimately be required will vary with exchange rates and the market
value of the Company's shares. As at the close of business on 1
October 2019, we expect live awards to require the transfer of
approximately 1.9m shares to participants, of which approximately
1.6m relates to the employees' contributions.
ENDS
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Kevin Loosemore, Executive Chairman Investors@microfocus.com
Stephen Murdoch, CEO
Brian McArthur-Muscroft, CFO
Ben Donnelly, Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West MicroFocus@brunswickgroup.com
Jonathan Glass
Craig Breheny
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise
software company supporting the technology needs and challenges of
the Global 2000. Our solutions help organizations leverage existing
IT investments, enterprise applications and emerging technologies
to address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com.
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END
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