LONDON - Experian (OTC:EXPGF) plc, the global data and technology firm, has confirmed the continuation of its share repurchase program, initially announced on May 15, 2024. The company has arranged to buy back its ordinary shares during a closed period starting January 1, 2025, and ending January 14, 2025, through an agreement with BofA Securities Europe SA.
This buyback is part of a non-discretionary arrangement set within predetermined parameters and is compliant with the UK Financial Conduct Authority Listing Rules. The repurchase aligns with the general authority granted by Experian's shareholders at the annual general meeting on July 17, 2024. The primary aim of this program is to mitigate the dilutive effect of shares issued under employee share plans.
Experian, listed on the London Stock Exchange (LON:LSEG) under the ticker LSE:EXPN and a constituent of the FTSE 100 Index, has a widespread presence with 22,500 employees across 32 countries. The company, with its corporate headquarters in Dublin, Ireland, is known for leveraging data, analytics, and software to offer services in various sectors, including financial services, healthcare, automotive, agrifinance, and insurance.
The share repurchase announcement precedes Experian's third-quarter trading update for the financial year ending March 31, 2025, which is scheduled for release on January 15, 2025. This statement is based on a press release by Experian plc and has been disseminated by RNS, a news service of the London Stock Exchange.
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