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IN BRIEF: Johnson Matthey to start buyback after sale completion

ALN

Johnson Matthey PLC - London-based chemicals maker - Further to announcement in March, completes the sale of its medical device components business for $700 million on a cash, debt free basis. Confirms its intention to return £250 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%

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