Acceleration of phasing of share buybacks
Summary by AI BETAClose X
12 November 2026 7:05am
Rolls-Royce Holdings plc
Acceleration of phasing of share buybacks
Rolls-Royce Holdings plc (Rolls-Royce or the Company) announces that it is accelerating the phasing of its existing £7 billion to £9 billion programme of share buybacks between 2026 and 2028 (inclusive) by commencing an irrevocable, non-discretionary programme to repurchase ordinary shares up to the value of £1.5 billion (the Accelerated Programme). The Accelerated Programme is in addition to the total of £2.5 billion of share buybacks already being undertaken by the Company in 2026, of which the Company has completed £2.4 billion to date.
The Accelerated Programme will commence today and is expected to complete no later than 23 February 2027, ahead of the expected announcement date of the Company’s 2026 full year results.
The Company has entered into a non-discretionary agreement (the Agreement) with UBS AG London Branch (UBS) to undertake the Accelerated Programme on its behalf by making market purchases, as riskless principal, of the Company's ordinary shares of 20 pence each (the Shares) on the London Stock Exchange or another recognised investment exchange. UBS will make trading decisions under the Accelerated Programme independently of the Company, subject to certain parameters agreed between UBS and the Company prior to the commencement of the Accelerated Programme and to the Company's right to terminate the Agreement in certain limited circumstances.
Shares acquired by UBS under the Agreement will be sold on to the Company and will be cancelled. The purpose of the Accelerated Programme is therefore to reduce the Company’s share capital.
Any Shares acquired under the Accelerated Programme and, with effect from today, the Company’s ongoing £2.3 billion share buyback programme announced on 26 February 2026 (the Existing Programme), which followed the Company’s £200 million interim share buyback programme commenced on 2 January 2026, will be acquired pursuant to the authority granted by shareholders at the Company’s 2026 Annual General Meeting on 30 April 2026 (the 2026 Authority). The maximum aggregate number of Shares that may be acquired under the Accelerated Programme and, from today onwards, the Existing Programme is therefore 842,886,298.
Any purchase of Shares under the Accelerated Programme will be executed in accordance with the 2026 Authority, the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and Chapter 9 of the Financial Conduct Authority's UK Listing Rules.
Repurchases of Shares under the Accelerated Programme will be announced by no later than the end of the seventh daily market session following the calendar day on which the relevant repurchase occurred.
For further information, please contact:
Investors:
Jeremy Bragg
Head of Investor Relations, Rolls-Royce plc
Tel +44 (0) 7795 840875
Media:
Richard Wray
EVP – External Communications & Brand, Rolls-Royce plc
Tel +44 (0) 7810 850055
Richard.Wray@Rolls-Royce.com
About Rolls-Royce Holdings plc
- Rolls-Royce is a force for progress; powering, protecting and connecting people everywhere. Our products and service packages help our customers meet the growing need for power across multiple industries; enable governments to equip their armed forces with the power required to protect their citizens; and connect people, societies, cultures and economies together.
- Rolls-Royce has a local presence in 48 countries and customers in over a hundred more, including airlines and aircraft leasing companies, armed forces and navies, and marine and industrial customers.
- Through our multi-year transformation programme, we are building a high-performing, competitive, resilient and growing Rolls-Royce. We are building the financial capacity and agility to allow us to successfully develop and deliver the products that will support our customers through the energy transition.
- Annual underlying revenue was £20.1 billion in 2025, and underlying operating profit was £3.46 billion.
- Rolls-Royce Holdings plc is a publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 17 minutes ago GSK
- 18 minutes ago 3i Group
- 1 hour ago M&G
- 1 hour ago AJ Bell
- 1 hour ago Pembroke Vct B