REG - Rotork PLC - Commencement of share buyback programme

RotorkAnnouncement

19/11/2025 07:02

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RNS Number : 0723I  Rotork PLC  19 November 2025

 

Rotork plc

Commencement of share buyback programme

 

19 November 2025

 

Rotork plc ('Rotork' or the 'Company') remains a highly cash generative
business with considerable financial flexibility. Consistent with our stated
capital allocation policy, the Board has decided to return further cash to
shareholders while retaining a strong balance sheet. The Company recently
completed a £50 million share buyback programme, which ran from 7 April 2025
to 31 October 2025. The Company is commencing a new share buyback programme
(the 'Programme') to repurchase ordinary shares of 0.5 pence each in the
capital of the Company ('Ordinary Shares'). The aggregate purchase price of
all Ordinary Shares acquired under the Programme will be no more than £50
million (excluding stamp duty and expenses). Any Ordinary Shares purchased by
the Company will be cancelled. Our financial flexibility enables us to pursue
strategic investments and we remain active in looking for suitable
opportunities, consistent with our Growth+ strategy.

 

The first tranche of the Programme will be carried out through an irrevocable
non-discretionary agreement with J.P. Morgan Securities plc ('JPM'), pursuant
to which JPM shall purchase Ordinary Shares as riskless principal (and not as
agent of Rotork) for the subsequent sale on to, and purchase by, Rotork. The
first tranche of the Programme will run from 20 November 2025 and end no later
than 19 December 2025. The aggregate purchase price of all Ordinary Shares
acquired under the first tranche of the Programme will be no greater than £10
million (excluding stamp duty and expenses). Any purchases under the Programme
will take place in accordance with (and subject to the limits prescribed by)
the Company's general authority to repurchase Ordinary Shares granted at the
Company's 2025 Annual General Meeting (the '2025 Authority') and any
subsequent authority granted at the Company's next Annual General Meeting. The
maximum number of Ordinary Shares that the Company remains authorised to
purchase under the 2025 Authority is 70,912,769 Ordinary Shares. JPM will make
its trading decisions in relation to the Ordinary Shares independently of, and
uninfluenced by, the Company.

 

Any purchase of Ordinary Shares under the first tranche of the Programme will
be carried out on the London Stock Exchange and CBOE Europe Limited, in
accordance with pre-set parameters and in accordance with (and subject to
limits prescribed by) the Company's general authority to repurchase Ordinary
Shares granted by its shareholders at its 2025 Annual General Meeting, Chapter
9 of the UK Financial Conduct Authority's UK Listing Rules, Article 5(1) of
Regulation (EU) No. 596/2014 (as incorporated into UK domestic law by the
European Union (Withdrawal) Act 2018) and Commission Delegated Regulation (EU)
2016/1052 (as incorporated into UK domestic law by the European Union
(Withdrawal) Act 2018). Rotork will announce any market repurchases of
Ordinary Shares no later than 7.30 a.m. on the business day following the
calendar day on which the repurchase occurred.

 

 

Enquiries to:

 

 Alex Toms, Investor Relations Director                                  Tel: +44 (0) 1225 733 200
 Stuart Pain, Group General Counsel & Company Secretary, Rotork Plc      Tel: +44 (0) 1225 733 200
 Nick Hasell/Susanne Yule, FTI Consulting                                Tel: +44 (0) 20 3727 1340

 

Notes:

Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

 

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