First Brands Group debt targeted by Apollo Global Management - report
LONDON - Reach plc announced Friday that its Employee Benefit Trust (EBT) has purchased 452,755 ordinary shares at 65.8 pence per share on September 11, 2025.
The acquisition aligns with the company’s commitment made to shareholders at the 2024 Annual General Meeting to purchase shares into the EBT when appropriate to manage overall dilution from share plans.
Following this transaction, the EBT now holds 2,814,330 ordinary shares, representing 0.87% of Reach’s issued share capital of 322,085,269 shares (including treasury shares). The total number of ordinary shares in issue, excluding treasury shares, stands at 318,336,301.
The shares will be held in the discretionary trust for the benefit of Reach employees and will be used to satisfy the exercise of share options or the release of restricted shares, including to Persons Discharging Managerial Responsibility within the company.
Reach indicated it would continue to review its position and make additional purchases into the EBT when deemed appropriate, according to the press release statement.
Reach plc is listed on the London Stock Exchange with the Legal Entity Identifier (LEI) 213800GNI5XF3XOATR61.
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