Ascential plc (LSE:ASCL) announces a share repurchase program. Under the offer, the company will repurchase up to 95,238,095 shares, representing 21.37% of its share capital for £300 million. The shares will be repurchased between the price range of £3.15 per share to £3.31 per share.

The purpose of the offer is to reduce the share capital of the company and thereby increasing earning per share. The repurchased shares will be cancelled. The company has fixed May 3 2024, as the record date.

The offer is subject to approval from shareholders in the General Meeting to be held on April 22, 2024. If the Tender Offer is over-subscribed by value and the strike price is determined to be the Minimum Price, tenders in respect of up to approximately 21 per cent. of each holding of company's shares of every qualifying shareholder on the Tender Offer Record Date will be accepted in full at the Minimum Price and will not be scaled down further, provided that such shares are validly tendered as Strike Price Tenders or at the Minimum Price.

The offer will be valid till May 3, 2024. As of April 2, 2024, the company had 445,698,644 issued shares.