Linde plc Announces New Up To US$ 5 Billion Share Repurchase Program

Rhea-AI Summary

Linde plc (NYSE:LIN) has authorized a new share repurchase program worth up to US$5.0 billion, set to begin on February 1, 2021 and run until July 31, 2023. This program replaces the previous US$6.0 billion plan expiring on February 1, 2021. Linde aims to repurchase up to 15% of its outstanding shares, approximately 523 million. The repurchase will serve to reduce share capital and fulfill equity award obligations.

Positive

• Authorization of a new share repurchase program worth up to US$5.0 billion.
• The program aims to repurchase up to 15% of outstanding shares, which may enhance shareholder value.
• Provides a clear strategy for managing capital and rewarding shareholders.

Negative

• None.

GUILDFORD, UK / ACCESSWIRE / 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

SOURCE: Linde plc

View source version on accesswire.com:
https://www.accesswire.com/625784/Linde-plc-Announces-New-Up-To-US-5-Billion-Share-Repurchase-Program

FAQ

What is the amount of Linde's new share repurchase program?

Linde has authorized a new share repurchase program for up to US$5.0 billion.

When does the new share repurchase program for Linde start?

The new program will begin on February 1, 2021.

What percentage of shares will Linde repurchase under the new program?

Linde may acquire up to 15% of its currently outstanding shares.

When will Linde's share repurchase program end?

The new repurchase program is set to run until July 31, 2023.

What is the purpose of Linde's share repurchase program?

The purpose is to reduce share capital and meet obligations under Linde's equity awards.