28th Jul 2026 15:50
28 July 2026
SMITHS GROUP PLC
SHARE BUYBACK PROGRAMME
Smiths Group plc ('Smiths' or the 'Company') announces that, following its General Meeting held on 23 July 2026, it has increased the maximum aggregate consideration payable under its existing second share buyback tranche from £400m to £700m. This will enable Smiths to commence an initial £300m of the £1.5bn share buyback programme announced on 30 June 2026. The Company has amended its arrangement with HSBC Bank plc to facilitate the continued execution of this tranche.
As at 27 July 2026, the Company had purchased 3,263,027 ordinary shares under the second tranche for an aggregate consideration of approximately £84m.
The second tranche will continue within the limits of the authority granted by shareholders at the Company's General Meeting held on 23 July 2026 and is expected to complete no later than 31 December 2026. The maximum number of ordinary shares that may be purchased under this authority is 45,040,669. Ordinary shares acquired under this buyback may be cancelled or held in treasury, at the Company's discretion. All other details of this tranche announced on 6 July 2026 remain unchanged.
Enquiries:
Investor enquiries
| Media enquiries
|
Siobhán Andrews, Smiths Group +44 (0)7920 230093
| Tom Steiner, Smiths Group +44 (0) 7787 415891
|
Ana Pita da Veiga, Smiths Group +44 (0)7386 689442
| Alex Le May, FTI Consulting +44 (0)7702 443312
|
Legal Entity Identifier (LEI): 213800MJL6IPZS3ASA11
About Smiths Group
For 175 years, we have been pioneers of progress, engineering a better future. Our strategy is to be a focused, efficient and value creating industrial engineering company operating in the attractive and growing market segments of flow control, thermal solutions, construction and aerospace.
We focus on solving the toughest problems for our customers, helping address critical global needs such as decarbonisation and the ever-increasing demand for process and energy efficiency.
We are pioneers of progress. Engineering a better future, we drive efficiency for customers in mission-critical situations. We are united by our purpose. It is what we do, how we think, and how we will continue to use our passion for innovative engineering. For more information visit www.smiths.com.
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Smiths Group