Linde plc: Linde plc Announces New Up To US$ 5 Billion Share Repurchase Program
January 25, 2021 at 01:46 pm EST
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DGAP-Ad-hoc: Linde plc / Key word(s): Share Buyback
Linde plc: Linde plc Announces New Up To US$ 5 Billion Share Repurchase Program
25-Jan-2021 / 19:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Linde plc Announces New Up To US$ 5 Billion Share Repurchase Program
Guildford, UK, January 25, 2021 - Linde plc (NYSE: LIN; FWB: LIN) announces that today its Board of Directors has authorized a new share repurchase program for up to US$5.0 billion of its ordinary shares. This new program will replace the existing US$6.0 billion share repurchase program that was authorized on January 22, 2019 but will expire on February 1, 2021 (January 29, 2021 will be the last day of possible repurchases under the existing program).
Under this new program, Linde plc may acquire up to 15% of its currently outstanding ca. 523 million shares in the period from February 1, 2021 through July 31, 2023. The purpose of the program shall be to reduce the share capital or to meet obligations under Linde plc equity awards.
Person making the notification: Anna Davies, Corporate Spokesperson, Linde plc
Contact:
Anna Davies
Tel: +44 1483 244 705
Email: anna.davies@linde.com
25-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Linde plc is one of the world's leading engineering and industrial gas production groups. Net sales break down by activity as follows:
- production and sale of industrial gases (86.3%). Net sales break down by market between chemicals and energy (25%), manufacturing (19%), healthcare (16%), metals and mining (14%), food and beverage (10%), electronics (9%) and other (7%);
- surface engineering services (8.3%);
- other (5.4%).
Net sales are distributed geographically as follows: the United Kingdom (5.9%), the United States (31.6%), Germany (11%), China (7.9%), Australia (4.1%), Brazil (3.5%) and other (36%).