Linde (LIN) Announces Initial $1 Billion Share Repurchase Program

Linde plc (NYSE: LIN) today announced its Board of Directors has authorized a share repurchase program for up to USD 1.0 billion of its ordinary shares.

"This initial program for USD 1 billion will allow us to immediately take advantage of an opportunistic time for stock repurchases until we formally communicate a comprehensive capital allocation policy in the first quarter," said Steve Angel, CEO of Linde plc. "With a strong balance sheet and excess free cash flow, the company is well-positioned to reward shareholders through this first share buyback program. I remain highly confident that Linde plc will deliver substantial value to all stakeholders."

Pursuant to European Market Abuse Regulation (MAR) requirements, this repurchase program must set forth a maximum share threshold and an expiration date, which the Board has set at 5% of outstanding shares and 30 April 2019, respectively. Management does not anticipate that these requirements will impact the program.

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