Markit Announces $200M Accelerated Share Buyback

Markit Ltd. MRKT today announced an aggregate $200 million accelerated share repurchase (ASR) with J.P. Morgan Securities LLC ("JPMorgan"), as agent for JPMorgan Chase Bank, National Association, London Branch and Morgan Stanley & Co. LLC ("Morgan Stanley"). The transaction completes the $500 million share repurchase program announced in June 2015, with an additional $50 million share repurchase approved by Markit's board of directors in connection with the ASR. Jeff Gooch, chief financial officer at Markit, said: "Our share repurchases in 2015 demonstrate our disciplined and balanced capital allocation strategy and our confidence in Markit's growth prospects. Our strong balance sheet and significant free cash See full press release