BRIEF-Johnson Matthey To Sell Medical Device Components for $700 Mln

March 20 (Reuters) – Johnson Matthey PLC:

* JOHNSON MATTHEY – DEAL FOR US$700 MILLION

* JOHNSON MATTHEY PLC – JOHNSON MATTHEY SALE OF MEDICAL DEVICE COMPONENTS

* JOHNSON MATTHEY: IT IS BOARD’S CURRENT INTENTION TO RETURN TO SHAREHOLDERS £250 MILLION OF NET PROCEEDS OF SALE OF MDC

* JOHNSON MATTHEY – TO SELL 100% OF ITS MEDICAL DEVICE COMPONENTS BUSINESS TO MONTAGU PRIVATE EQUITY

* JOHNSON MATTHEY – BALANCE OF NET PROCEEDS WILL BE USED TO REPAY SOME OF JM’S EXISTING DEBT AND FOR OTHER GENERAL CORPORATE PURPOSES

* JOHNSON MATTHEY – TRANSACTION IS EXPECTED TO COMPLETE AROUND Q3 2024

* JOHNSON MATTHEY: TRANSACTION IS EXPECTED TO COMPLETE AROUND Q3 2024 Source text for Eikon: Further company coverage:

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