Purchase of Shares for the Employee Benefit Trust
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At the Company's 2024 AGM held on 2 May 2024, shareholders approved the operation of the Company's share plans within the 10% in 10 years share plans dilution limit only (removing the internal 5% in 10 years limit for selective plans). As part of this, the Company confirmed its intention to buy shares into the Reach Employee Benefit Trust ('EBT') when it was appropriate to do so to aid the management of overall dilution from share plans.
The Company has been notified by the Trustee of the EBT that the EBT has purchased a total of 590,205 Ordinary Shares of 10p each in the Company. Further detail is set out below.
| Date | Exchange | Number of shares | Price per share (pence) |
|---|---|---|---|
| 16 September 2024 | XLON | 590,205 | 100.953 |
Further to this purchase, the EBT holds a total of 2,865,552 Ordinary Shares which represents 0.90% of the Company's issued share capital. The total number of Ordinary Shares of 10p each in issue (excluding treasury shares) is 318,041,503.
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