REG - Rotork PLC - Share buyback programme

RotorkAnnouncement

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RNS Number : 6382W  Rotork PLC  13 March 2026

Rotork plc

Share buyback programme - Tranche 4

13 March 2026

 

Consistent with our stated capital allocation policy, Rotork completed the
first tranche of its £50m share buyback programme (the 'Programme') on 19
December 2025 and the second and third tranches on 6 March 2026.  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 16 March 2026 and end no later
than 10 April 2026. 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 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 62,354,995 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 by no later than the end of the 7th daily market session
following the date of execution of such purchases, in accordance with UKLR
9.6.6.

 

 

 

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/Edward Knight, FTI Consulting
                             Tel: +44 (0) 20 3727 1340

 

Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

 

 

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