Linde plc has announced its Board of Directors has authorised a share repurchase programme for up to $1bn of its ordinary shares.

Under the programme, Linde plc may acquire up to 5% of its currently outstanding ca. 551 million shares in the period for 10th December 2018 through to 30th April 2019.

The purpose of the programme is to reduce the share capital or to meet obligations under Linde plc equity awards.

Linde plc was formed in October 2018 when Praxair and Linde AG came together. The company delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders.