IN BRIEF: Johnson Matthey to start buyback after sale completion

Johnson Matthey PLC - London-based chemicals maker - Further to announcement in March, completes ...

Alliance News 1 July, 2024 | 6:40PM
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Johnson Matthey PLC - London-based chemicals maker - Further to announcement in March, completes the sale of its medical device components business for USD700 million on a cash, debt free basis. Confirms its intention to return GBP250 million of the net proceeds from the sale by way of an on-market share buyback programme. This will commence later this week.

Current stock price: 1,575.00 pence

12-month change: down 10%

By Jeremy Cutler, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Johnson Matthey PLC 1,625.00 GBX 2.98 -

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