REG - Rotork PLC - Share buyback programme

RotorkAnnouncement

Mon 15:00

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RNS Number : 5347M  Rotork PLC  22 December 2025

Rotork plc

Share buyback programme - Tranches 2 & 3

 

22 December 2025

 

Consistent with our stated capital allocation policy, Rotork completed the
first tranche of our £50m share buyback programme (the 'Programme') on 19
December 2025.  Our financial flexibility enables us to pursue strategic
investments and we remain active in looking for suitable opportunities,
consistent with our Growth+ strategy.

 

The second and third tranches 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 second and third tranches of the Programme will run
from 5 January 2026 and end no later than 6 March 2026. The aggregate purchase
price of all Ordinary Shares acquired under the second and third tranches of
the Programme will be no greater than £20 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
67,909,498  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 second and third tranches 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

 

Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

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