Purchase of shares by EBT

RNS Number : 5205U
Brown (N.) Group PLC
02 August 2022
 

N Brown Group plc

 

(the "Company")

 

Purchase of shares by Employee Benefit Trust

 

Further to the announcement made on 25 July 2022, N Brown Group plc has been notified by Sanne Fiduciary Services Limited the Trustee of the Company's Employee Benefit Trust ('EBT') that the EBT has purchased a total of 598,032 Ordinary Shares ('Shares') in the Company.

 

The Shares will be held in the EBT, which is a discretionary trust for the benefit of the Group's employees. The Shares will be used to meet future obligations arising under the Company's various share schemes and share plans, including share awards made to PDMRs of the Company.

 

The purchases were as follows:

 

DATE

SOURCE

NUMBER OF SHARES

PURCHASE PRICE

22/07/2022

AIMX

40,074

 10,018.50

25/07/2022

AIMX

268,075

 68,627.20

26/07/2022

AIMX

189,653

 48,551.17

27/07/2022

AIMX

13,048

 3,353.34

28/07/2022

AIMX

23,383

 6,004.75

29/07/2022

AIMX

63,799

 16,396.34



TOTAL:

£152,951.30

 

 

The average price of the purchases was 25.5757 pence per share.

 

Following this purchase of Shares by the EBT, a total of 2,866,253 Shares, representing approximately 0.62% of the Company's total voting rights, are held by the EBT. 1,373,128 of the Shares held by the EBT are currently unallocated to employees and PDMRs. The issued share capital in the Company remains unchanged at 460,483,231 Shares.

 

These Shares were acquired by the EBT as part of its intended market purchases (the "Market Purchases") as announced on 25 July 2022. Further updates in respect of the Market Purchases will be made as required.

 

For enquiries, please contact:

 

Michael Mustard

Company Secretary and General Counsel, N Brown Group Plc

 

Tel: +44 (0)161 238 2298

 

Registered office:

Griffin House

40 Lever Street

Manchester

M60 6ES

 

Shore Capital - Nominated Adviser and Broker

Stephane Auton / Daniel Bush / John More

+44 (0) 20 7408 4090

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.
 
END
 
 
POSQFLFBLVLXBBE
UK 100

Latest directors dealings