Linde plc’s Board of Directors has authorised a share repurchase programme for up to $6bn of its ordinary shares.
“Linde plc is committed to investing for future growth, paying a competitive dividend and maintaining an A/A2 credit rating,” said Steve Angel, CEO of Linde plc. “And while there continues to be attractive growth opportunities within our investment criteria, the merger of our two strong companies has resulted in surplus cash. Today’s announcement of the new $6bn stock repurchase program is an opportunity for us to share this surplus with our owners.”
Pursuant to European Market Abuse Regulation (MAR) requirements, this repurchase program must set forth a maximum repurchase amount and an expiration date, which the board has set at 15% of outstanding shares and 1st February (2021), respectively.
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