Rotork PLC Second tranche of the share buy-back programme (9629M)
27 Setembro 2021 - 3:00AM
UK Regulatory
TIDMROR
RNS Number : 9629M
Rotork PLC
27 September 2021
Rotork plc
Second tranche of the share buy-back programme
27 September 2021
Rotork plc (Rotork' or the 'Company') announces that it is
commencing the second tranche of the Company's share repurchase
programme announced on 18 August 2021 (the 'Programme'). Any of the
Company's ordinary shares of 5 pence each ('Ordinary Shares')
purchased by the Company will be cancelled.
The second tranche of the Programme will be carried out through
an irrevocable non-discretionary agreement with J.P. Morgan
Securities plc ('JPM'), pursuant to which JPM shall purchase
Ordinary Shares as riskless principal (and not as agent of Rotork)
for the subsequent sale on to, and purchase by, Rotork. The second
tranche of the Programme will run from 27 September 2021 and end no
later than 31 December 2021. The aggregate purchase price of all
Ordinary Shares acquired under the second tranche of the Programme
will be no greater than GBP30 million (excluding stamp duty and
expenses). The maximum number of Ordinary Shares that can be
purchased under the second tranche of the Programme is 10 million
Ordinary Shares (based on authority granted at the Company's 2021
Annual General Meeting of 87.4 million Ordinary Shares). JPM will
make its trading decisions in relation to the Ordinary Shares
independently of, and uninfluenced by, the Company.
Any purchase of Ordinary Shares under the second tranche of the
Programme will be carried out on the London Stock Exchange and any
other UK recognised investment exchange which may be agreed, in
accordance with pre-set parameters and in accordance with (and
subject to limits prescribed by) the Company's general authority to
repurchase Ordinary Shares granted by its shareholders at its 2021
Annual General Meeting, Chapter 12 of the Financial Conduct
Authority's Listing Rules, Article 5(1) of Regulation (EU) No.
596/2014 (as incorporated into UK domestic law by the European
Union (Withdrawal) Act 2018) and Commission Delegated Regulation
(EU) 2016/1052 (as incorporated into UK domestic law by the
European Union (Withdrawal) Act 2018). Rotork will announce any
market repurchases of Ordinary Shares no later than 7.30 a.m. on
the business day following the calendar day on which the repurchase
occurred.
Enquiries to:
Nick Hasell/Susanne Yule, FTI Consulting Tel: +44 (0) 203 727
1340
Andrew Carter, Investor Relations Director, Tel: +44 (0) 1225 733
Rotork plc 200
Notes:
Legal Entity Identity: 213800AH5RZIHGWRJ718
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END
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September 27, 2021 02:00 ET (06:00 GMT)
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