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Share buyback programme

11th Mar 2025 07:00

RNS Number : 0827A
Rotork PLC
11 March 2025
 

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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