REG - Rotork PLC - Share buyback programme

RotorkAnnouncement

06/08/2025 07:00

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RNS Number : 0966U  Rotork PLC  06 August 2025

 

Rotork plc

Share buyback programme - Tranche 4

6 August 2025

 

Consistent with our stated capital allocation policy, Rotork completed the
first, second and third tranches of its £50m share buyback programme (the
"Programme") on 30 May 2025 and 31 July 2025 respectively. Our financial
flexibility enables us to pursue strategic investments and we remain active in
looking for suitable opportunities, consistent with our Growth+ strategy.

 

The fourth 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
fourth tranche of the Programme will run from 6 August 2025 and end no later
than 12 September 2025. The aggregate purchase price of all Ordinary Shares
acquired under the fourth tranche of the Programme will be no greater than
£10 million (excluding stamp duty and expenses). Any Ordinary Shares
purchased by the Company will be cancelled. 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 Annual General Meeting on 2 May 2025 (the '2025 Authority'). The
maximum number of Ordinary Shares that the Company remains authorised to
purchase under the 2025 Authority is 76,750,986 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 fourth 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:

 

Nick Hasell/Susanne Yule, FTI Consulting
                              Tel: +44 (0) 20 3727 1340

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

Stuart Pain, Group General Counsel & Company Secretary, Rotork Plc
     Tel: +44 (0) 1225 733 200

 

Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

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