Purchase of Shares for the Employee Benefit Trust
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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The Company has been notified by the Trustee of the Reach Employees' Benefit Trust (EBT) that the EBT has purchased a total of 450,000 Ordinary Shares of 10p each in the Company. Further details are set out below.
This purchase is in line with the position confirmed previously to shareholders that the Company intends to buy shares into the EBT when it is appropriate to do so to aid the management of overall dilution from share plans.
| Date | Exchange | Number of shares | Price per share (pence) |
|---|---|---|---|
| 31 July 2026 | XLON | 450,000 | 0.454254 |
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 satisfy the exercise of share options by employees or the release of restricted shares, including to Persons Discharging Managerial Responsibility (PDMRs) of the Company.
Further to this purchase, the EBT holds a total of 3,136,645 Ordinary Shares which represents 0.97% of the Company's issued share capital (322,085,269 including Treasury shares of 3,748,968). The total number of Ordinary Shares of 10p each in issue (excluding treasury shares) is 318,336,301.
The Company will continue to keep this under review and will look to make further purchases into the EBT when it is appropriate to do so.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.