Linde announces new $ 5 billion share buyback program

GUILDFORD, UK / ACCESSWIRE / January 25, 2021 / Linde plc (NYSE: LIN) (FSE: LIN) today announced that its board of directors has authorized a new share repurchase program for up to US $ 5.0 billion of Linde common stock . This new program will replace the existing US $ 6.0 billion share buyback program that was authorized on January 22, 2019 and expires on February 1, 2021.

“After maintaining a strong balance sheet, investing in quality growth opportunities and paying and increasing the dividend each year, Linde continues to generate excess cash,” said Steve Angel, CEO. “Today’s announcement of a new US $ 5 billion share buyback program is an opportunity for us to reward shareholders with this surplus.

In accordance with the requirements of the European Market Abuse Regulation (MAR), this new share buyback program must provide for a maximum share buyback amount and an expiration date, which the Board has set at 15% of the shares. outstanding and as of July 31, 2023, respectively.

About Linde
Linde is a world leader in industrial gases and engineering with 2019 sales of $ 28 billion (25 billion euros). We live our mission of make our world more productive every day by providing high quality solutions, technologies and services that contribute to the success of our customers and help support and protect our planet.

The company serves a variety of end markets, including chemicals and refining, food and beverage, electronics, healthcare, manufacturing and primary metals. Linde’s industrial gases are used in countless applications, from vital oxygen for hospitals to high purity and specialty gases for manufacturing electronics, hydrogen for clean fuels and more. Linde also offers advanced gas processing solutions to support customer expansion, efficiency improvements and emission reductions.

For more information about the company and its products and services, please visit www.linde.com.

Contacts:
Investor Relations

Juan Pelaez
Telephone: +1 203 837 2213
Email: [email protected]

Media relations
Anna davies
Telephone: +44 1483 244705
Email: [email protected]

THE SOURCE: Linde plc

See the source version on accesswire.com:
https://www.accesswire.com/625786/Linde-Announces-New-5-Billion-Share-Repurchase-Program

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