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IN BRIEF: Rotork launches first tranche of £50 million share buyback

ALN

Rotork PLC - Bath, England-based provider of flow control solutions for the oil and gas, water and power, and chemical industries - Begins the first tranche for up to £10 million under its £50 million share buyback programme. The first tranche will be carried out by JPMorgan Securities PLC. It launches on Monday and will end no later than May 30.

‘Our financial flexibility enables us to pursue strategic investments and we remain active in looking for suitable opportunities, consistent with our ’growth+’ strategy,’ says Rotork.

Current stock price: 276.00 pence, down 4.2% in London on Monday morning

12-month change: down 15%

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