Purchase of Shares for the Employee Benefit Trust

Summary by AI BETAClose X

Reach PLC has announced that the Reach Employees' Benefit Trust (EBT) purchased 450,000 ordinary shares at a price of 0.454254 pence per share on July 31, 2026. This acquisition, totaling £204,414.30, aligns with the company's strategy to manage dilution from share plans by acquiring shares for the EBT, which will be used to satisfy employee share options and restricted share releases, including for Persons Discharging Managerial Responsibility. Following this purchase, the EBT holds 3,136,645 ordinary shares, representing 0.97% of the company's issued share capital.

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Companies

Reach (RCH)
UK 100

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