Linde Plc To Buy Back Addl. Up To $6 Bln Shares

(RTTNews) - Chemical company Linde plc (LIN), formed by the merger of Linde AG of Germany and Praxair of the United States, announced that its Board of Directors has authorized a share repurchase program for up to $6.0 billion of its ordinary shares.

Under this program, Linde plc may acquire up to 15% of its currently outstanding ca. 547 million shares in the period from May 1, 2019, or the date following the announcement of the end of the existing $1.0 billion share repurchase program, if earlier, through February 1, 2021.

The purpose of the program shall be to reduce the share capital or to meet obligations under Linde plc equity awards.