Rotork PLC (ROR.L), a maker of industrial flow control equipment, said on Wednesday that its trading for the four-month period to October 31 was in line with expectations.
In addition, the company will start a new share buyback drive to repurchase up to GBP 50 million of shares. The shares repurchased under this share repurchase program will be cancelled.
The first tranche of the share repurchase program will run from November 20 to December 19. Under its first tranche, Rotork will repurchase up to GBP10 million of shares.
The first tranche will be carried out through an irrevocable non-discretionary deal with J.P. Morgan Securities PLC, pursuant to which J.P. Morgan shall purchase the shares as a riskless principal for Rotork.
Looking ahead, the company said: "Rotork's full year expectations are unchanged, and the Group continues to anticipate 2025 to be another year of progress on an organic constant currency basis."
Rotork will release its annual earnings report on March 10, 2026.
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