Purchase of shares by Employee Benefit Trust

RNS Number : 7629V

Brown (N.) Group PLC

11 August 2022

 

N Brown Group plc

(the "Company")

Purchase of shares by Employee Benefit Trust

Further to the announcement made on 25 July 2022, N Brown Group plc has been notified by Sanne Fiduciary Services Limited the Trustee of the Company's Employee Benefit Trust ('EBT') that on 09 August 2022 the EBT purchased a total of 688,811 Ordinary Shares ('Shares') in the Company at 25.7021 pence per share. The Shares were purchased from allocated shareholdings held by the EBT on behalf of participants which were sold on their behalf to cover tax obligations arising on the vesting of awards.

The EBT also purchased a total of 154,803 Ordinary Shares in the Company at 25.0700 pence per share on 10 August 2022.

Both share acquisitions were acquired by the EBT as part of its intended market purchases (the "Market Purchases") as announced on 25 July 2022. This now concludes the current share purchase programme by the EBT.

The Shares will be held as unallocated to employees and PDMRs in the EBT, which is a discretionary trust for the benefit of the Group's employees and used to meet future obligations arising under the Company's various share schemes and share plans, including share awards made to PDMRs of the Company.

Following these share acquisitions, the EBT holds 1,087,071 Shares which are unallocated to employees and PDMRs.

As at 11 August 2022 the total Shares held by the EBT is 3,248,179 Shares, representing approximately 0.71% of the Company's total voting rights. The issued share capital in the Company remains unchanged at 460,483,231 Shares.

For enquiries, please contact:

Michael Mustard

Company Secretary and General Counsel, N Brown Group Plc

Tel: [phone]

Registered office:

Griffin House

40 Lever Street

Manchester

M60 6ES

Shore Capital - Nominated Adviser and Broker

Stephane Auton / Daniel Bush / John More

[phone]

 

END

 

 

POSZFLFFLVLLBBE