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GlobalData halts share buyback amid takeover code

Published 02/05/2025, 12:20
GlobalData halts share buyback amid takeover code
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LONDON - GlobalData Plc, a data analytics and consulting company, has announced the suspension of its share buyback program, effective immediately. The buyback program, which commenced on February 6, 2025, has been halted due to the company entering an offer period as per the City Code on Takeovers and Mergers, following an announcement made on April 30, 2025.

The company’s entry into the offer period signifies that it is currently subject to formal takeover considerations. According to the rules governing public takeovers in the United Kingdom (TADAWUL:4280), GlobalData is required to suspend its buyback program to ensure fair treatment of all shareholders and compliance with regulatory standards.

The decision to suspend the buyback program will remain in effect until further notice. Any plans to recommence the program will be communicated to the market through official channels. GlobalData has emphasized that this announcement is not to be interpreted as an offer or invitation to purchase securities in any jurisdiction.

Investors and market watchers have been notified through this statement, which is based on a press release issued by GlobalData Plc. The company has not provided additional details regarding the potential offer or the parties involved in the takeover discussions.

GlobalData’s executive team, including Chief Executive Officer Mike Danson and Chief Financial Officer Graham Lilley, are the primary contacts for further inquiries. The company’s financial advisors, J.P. Morgan Cazenove, Panmure Gordon, and Investec (LON:INVP) Bank plc, along with its financial public relations firm, FTI Consulting (NYSE:FCN), are also available to address questions related to this development.

The London Stock Exchange (LON:LSEG)’s news service, RNS, has disseminated this information, which has been sanctioned by the United Kingdom’s Financial Conduct Authority.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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