7 Jun, 2018

Paddy vigor Betfair : Share Buyback Programme

29 might also 2018

Paddy power Betfair plc the ‘business or the ‘community’

Share Buyback Programme

As introduced as part of the neighborhood’s Q1 buying and selling update on 2 may additionally 2018, the neighborhood intends to come back £500m of money to shareholders over the next 12 to 18 months initially starting off with share buyback of £200m. thus, the neighborhood hereby pronounces that the business has entered into irrevocable, non-discretionary arrangements with Goldman Sachs international to repurchase typical shares on its behalf for a highest consideration of £200m the ‘share buyback programme’. the percentage buyback programme will inaugurate today 29 can also 2018 and continue for 3 months, area to market situations. The maximum number of normal shares to be repurchased below the percentage buyback programme is 12,692.”692. The intention of the share buyback programme is to cut back the enterprise’s share capital. Shares purchased with the aid of the neighborhood might be cancelled. it’s intended that usual shares could be repurchased on both the London inventory exchange and the Irish stock trade, buying and selling as Euronext Dublin.

Goldman Sachs overseas will make its buying and selling decisions in permainan sepak bola piala dunia 2018 terms of the company’s securities independently of, and uninfluenced by means of, the community. the share buyback programme preparations might be performed in keeping with the company’s familiar authority to repurchase typical shares as approved through shareholders at its 2018 Annual established meeting on 18 can also 2018, the parameters prescribed with the aid of the Market Abuse rules 5962014ecu and the fee Delegated legislation european 20161052 and the relevant legal guidelines and laws of the London stock alternate and Euronext Dublin.

particulars of any average shares repurchased can be notified to a Regulatory tips provider by means of the company following any repurchase. This announcement relates totally to the repurchase ordinary shares pursuant to the share repurchase programme as certain above. The neighborhood confirms that it at present has no unpublished internal counsel.

Ivan Kelly, Investor relations Tel: +353 87 794 4999

Pritti Patel, company Secretariat Tel: +forty four 07702 761 147

Disclaimer

Paddy power Betfair plc posted this content material on 29 may also 2018 and is solely answerable for the counsel contained herein. dispensed with the aid of Public, unedited and unaltered, on 29 can also 2018 06:27:01 UTC

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