26th Feb 2026 07:05
26 February 2026 7:05am
Rolls-Royce Holdings plc
SHARE BUYBACKS OF UP TO £2.5 BILLION IN 2026
Rolls-Royce Holdings plc (the Company) announces that it expects to return a total of up to £2.5 billion to shareholders through share buybacks in 2026. The Company will today commence a share buyback programme to return up to £2.3 billion to shareholders (the Programme) which, together with the Company's completed £200 million interim share buyback programme launched on 2 January 2026 (the Interim Programme), will deliver total returns of up to £2.5 billion through share buybacks in 2026.
The Programme, which will be executed in tranches, will commence today and is expected to complete no later than 23 December 2026. The Company has entered into non-discretionary agreements (the Agreements) with Morgan Stanley & Co. International plc (Morgan Stanley) and UBS AG London Branch (UBS) to undertake the Programme on its behalf by making market purchases, as riskless principal, of the Company's ordinary shares of 20p each (the Shares) on the London Stock Exchange or another recognised investment exchange. Morgan Stanley and UBS (together, the Purchasing Banks) will make trading decisions under the Programme independently of the Company, subject to certain parameters agreed between the Purchasing Banks and the Company prior to the commencement of the Programme and to the Company's right to terminate each Agreement in certain limited circumstances.
Shares acquired by the Purchasing Banks under the Agreements will be sold on to the Company and will be cancelled. The purpose of the Programme is therefore to reduce the Company's share capital.
Taking into account the total of 15,971,931 Shares acquired under the Interim Programme, the maximum number of Shares that may be acquired under the Programme pursuant to the authority granted by shareholders at the Company's 2025 Annual General Meeting on 1 May 2025 is 834,517,767.
Any purchase of Shares under the Programme will be executed in accordance with the Company's general authority to repurchase Shares granted at its 2025 Annual General Meeting and (if applicable) any subsequent authority, the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority's UK Listing Rules.
Repurchases of Shares under the Programme will be announced no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred (or otherwise as required under the UK Listing Rules).
For further information, please contact:
Investors:
Jeremy Bragg
Head of Investor Relations, Rolls-Royce plc
Tel +44 (0) 7795 840875
Media:
Media:
Richard Wray
EVP - External Communications & Brand, Rolls-Royce plc
Tel +44 (0) 7810 850055
About Rolls-Royce Holdings plc
1. Rolls-Royce is a force for progress; powering, protecting and connecting people everywhere. Our products and service packages help our customers meet the growing need for power across multiple industries; enable governments to equip their armed forces with the power required to protect their citizens; and connect people, societies, cultures and economies together.
2. Rolls-Royce has a local presence in 47 countries and customers in over a hundred more, including airlines and aircraft leasing companies, armed forces and navies, and marine and industrial customers.
3. Through our multi-year transformation programme, we are building a high-performing, competitive, resilient and growing Rolls-Royce. We are building the financial capacity and agility to allow us to successfully develop and deliver the products that will support our customers through the energy transition.
4. Annual underlying revenue was £20.1 billion in 2025, and underlying operating profit was £3.46 billion.
5. Rolls-Royce Holdings plc is a publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).
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