REG - Rotork PLC - Share buy-back programme

RotorkAnnouncement

05/03/2024 07:15

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RNS Number : 5486F  Rotork PLC  05 March 2024

Tuesday 5th March 2024

Rotork plc

Share buy-back programme

 

As announced separately today at the full-year results, Rotork plc remains a
highly cash generative business with a strong cash position that provides us
with considerable financial flexibility. Consistent with our stated capital
allocation policy, the Board has decided to return cash to shareholders while
retaining a strong balance sheet. As a result, Rotork is announcing a share
buyback programme to repurchase ordinary shares of 0.5 pence each. 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 Rotork 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.

 

 

 Rotork plc                                  Tel:  +44 (0)1225 733 200
 Andrew Carter, Investor Relations Director

 FTI Consulting                              Tel:  + 44 (0)20 3727 1340
 Nick Hasell

 Susanne Yule

 

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