11th Mar 2025 07:00
11th March 2025
Rotork plc
Share buyback programme
As announced separately today with full year results, Rotork plc remains a highly cash generative business with a strong cash position that provides it with considerable financial flexibility. Consistent with Rotork's stated capital allocation policy, the Board has decided to return cash to shareholders while retaining a strong balance sheet. As a result, Rotork is announcing a share buyback programme to repurchase ordinary shares of 0.5 pence each. The aggregate purchase price of all Ordinary Shares acquired under the programme will be no more than £50 million (excluding stamp duty and expenses). Any Ordinary Shares purchased by Rotork will be cancelled. Our financial flexibility enables us to pursue strategic investments and we remain active in looking for suitable opportunities, consistent with our Growth+ strategy.
Rotork plc | Tel: +44 (0)1225 733 200 |
Andrew Carter, Investor Relations Director | |
FTI Consulting | Tel: + 44 (0)20 3727 1340 |
Nick Hasell | |
Susanne Yule |
About Rotork
Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,500 people, has manufacturing facilities in more than 15 locations and serves 170 countries through a global service network. Its shares are listed on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index. For more information please visit www.rotork.com.
Legal Entity Identifier: 213800AH5RZIHGWRJ718
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