Reach plc (GB:RCH) has released an update.
Reach plc has announced the purchase of 590,205 Ordinary Shares at a price of 100.953 pence per share for its Employee Benefit Trust (EBT), following shareholder approval at the AGM to manage share plan dilution within specified limits. The EBT will use these shares to satisfy the exercise of share options and the release of restricted shares for the benefit of the company’s employees. After this acquisition, the EBT now holds 0.90% of Reach plc’s issued share capital, and the company plans to continue monitoring and possibly purchasing more shares for the EBT as needed.
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