EBT Share Purchase
Dr. Martens plc has announced that it has recommended the Employee Benefit Trust purchase up to 10 million ordinary shares in the market, with these shares to be held unallocated for future employee share plan awards. This initiative aims to satisfy current and future obligations under the company's incentive programs.
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The Company announces that it has recommended that FCM Trust Limited (the "Trustee"), in its capacity as trustee of the Dr Martens plc Employee Benefit Trust (the "Trust"), purchases up to 10m ordinary shares of the Company in the market, with the purchases commencing as soon as is practicable.
The shares will be held on an unallocated basis for use in satisfying both current and future awards under the Company's employee share plans from time to time.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.