REG - Rotork PLC - Share buyback programme

RotorkAnnouncement

Wed 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260415:nRSO6225Aa&default-theme=true

RNS Number : 6225A  Rotork PLC  15 April 2026

Rotork plc

Share buyback programme - Tranche 5

15 April 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, the second and third tranches on 6 March 2026, and the fourth
tranche on 10 April 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 fifth 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
fifth tranche of the Programme will run from 15 April 2026 and end no later
than 15 May 2026. The aggregate purchase price of all Ordinary Shares acquired
under the fifth 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 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 59,186,120 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 fifth 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

 

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSFAFEIEMSEFL



            Copyright 2019 Regulatory News Service, all rights reserved