Johnson Matthey PLC Completion of Medical Device Components sale
01 Julho 2024 - 10:38AM
RNS Regulatory News
RNS Number : 5829U
Johnson Matthey PLC
01 July 2024
Johnson Matthey announces completion of
Medical Device Components sale
1st July 2024
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Further to the announcement on
20th March 2024, Johnson Matthey Plc (JM) is pleased to
announce that it has today completed the sale of its Medical Device
Components business (MDC) in accordance with the terms of the sale
agreement entered into between JM and Montagu Private Equity for
cash consideration of US$700 million (£550 million) on a cash free
debt free basis.
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The board confirms its intention to return £250
million of the net proceeds from the sale of MDC by way of an
on-market share buyback programme. This will commence later this
week and further details will be announced in due
course.
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ENDS
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Enquiries:
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Investor Relations
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Martin Dunwoodie
Louise Curran
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Director of Investor Relations and Treasury
Head of Investor Relations
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+44 20 7269 8241
+44 20 7269 8235
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Chris Wood
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Senior Investor Relations Manager
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+44 20 7269 8138
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Media
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Sinead Keller
Harry Cameron
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Group External Relations Director
Teneo
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+44 20 7269 8218
+44 7799 152148
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Johnson Matthey Plc is listed on the
London Stock Exchange (JMAT)
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Registered
in England & Wales number:
00033774
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Legal Entity Identifier number:
2138001AVBSD1HSC6Z10
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END
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