Rotork PLC Share buy-back programme
05 Marzo 2024 - 1:01AM
RNS Regulatory News
RNS Number : 5486F
Rotork PLC
05 March 2024
Tuesday 5th March 2024
Rotork
plc
Share buy-back
programme
As announced separately today at the
full-year results, Rotork plc remains a highly cash generative
business with a strong cash position that provides us with
considerable financial flexibility. Consistent with our 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
|
|
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