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LONDON - Brickability Group PLC (LSE:BRCK) announced Thursday that its Employee Benefit Trust purchased 160,000 ordinary shares on October 22 at 55.6 pence per share, according to a company press release.
The construction materials distributor said the trust, managed by Equiniti Trust (Jersey) Limited, now holds 753,221 ordinary shares, representing approximately 0.23% of the company’s issued share capital.
The trust holds shares to satisfy vesting awards under the company’s share incentive schemes for employees.
Additionally, Brickability revealed plans for an expanded share purchase program. Beyond the existing £50,000 monthly purchase plan announced in March, the trustee will implement an additional program to acquire up to 800,000 ordinary shares between October 27 and December 31, 2025.
The company stated that the expanded purchase program aims to mitigate the dilutive impact of share option awards and improve overall shareholder return.
Brickability Group, which describes itself as a leading construction materials distributor, made the announcement via regulatory news service.
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