Smiths Group PLC (SMIN), the London-listed industrial engineering company with 175 years of history, has announced the purchase of 718,937 of its ordinary shares of 37.5 pence each on the London Stock Exchange, executed through HSBC Bank plc. The buyback was carried out across 5 and 6 November 2026, pursuant to instructions issued and announced by the company on 22 September 2026. The disclosure, made on 9 November 2026, provides a full breakdown of trades across multiple venues, as required under UK market abuse regulations. Investors in the industrial engineering sector will note the transaction as part of the company's ongoing capital return activity.

Key Points

  • Smiths Group PLC (SMIN) — London-listed industrial engineering company operating in flow control, thermal solutions, construction and aerospace
  • 718,937 ordinary shares of 37.5 pence each purchased via HSBC Bank plc across 5 and 6 November 2026
  • Volume weighted average prices of 2,670.86p and 2,580.94p recorded on 5 and 6 November respectively on the London Stock Exchange main venue (XLON)
  • Investors should watch for further buyback tranches under the 22 September 2026 mandate, and any announcement of cancellation or treasury treatment of the acquired shares

Smiths Group Executes Two-Day Share Purchase Programme Through HSBC at Prices Between 2,555p and 2,728p

On 5 November 2026, Smiths Group purchased a total of 345,277 shares across five trading venues, with the London Stock Exchange (XLON) accounting for 190,043 of those shares at a volume weighted average price of 2,670.86p. The lowest price paid across all venues on that day was 2,619p, while the highest reached 2,728p. On 6 November 2026, a further 373,660 shares were acquired across the same five venues, with XLON again recording the largest portion at 190,736 shares, this time at a volume weighted average price of 2,580.94p, with prices ranging from 2,555p to 2,602p.

Trades Spread Across XLON, BATE, CHIX, AQXE and TRQX Under the September 2026 Buyback Mandate

Both days saw purchases distributed across the London Stock Exchange (XLON), BATS Europe (BATE), Chi-X (CHIX), Aquis Exchange (AQXE), and Turquoise (TRQX). This multi-venue approach is consistent with standard practice for large-scale institutional share repurchase programmes. The purchases were carried out pursuant to instructions issued and publicly announced by Smiths Group on 22 September 2026, with HSBC Bank plc acting as the executing broker. The full individual trade-level breakdown has been published in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014, as incorporated into UK domestic law.

Acquired Shares May Be Cancelled or Held in Treasury at Smiths Group's Discretion

Smiths Group confirmed that the ordinary shares acquired under the programme may either be cancelled or transferred to treasury, with the final decision resting at the company's discretion. The treatment of repurchased shares can have differing implications for earnings per share calculations and the company's overall capital structure. Smiths Group operates across industrial segments including flow control, thermal solutions, construction, and aerospace, positioning itself in markets it describes as addressing critical global needs such as decarbonisation and process efficiency.