Reece Limited (ASX:REH) announces a share repurchase program. Under the offer, the company will repurchase up to 36,400,000 shares. for AUD 400 million.
The buy-back price will be set in a range from AUD 11.00 to AUD 13.00 per share. The purpose of the program is to return excess capital to Shareholders. The buy-back will be funded from general pool of funds.
Shares bought back will be cancelled. The scale back will be undertaken on a pro-rata basis after considering Priority Allocations and Small Residual Applications. The company will buy back the first 350 Shares.
If the Eligible Shareholder offered to sell a number of Shares equal to or less than 350, then all those Shares will be bought back. Applications for more than 350 Shares will be accepted, but the excess above 350 may be scaled back on a pro-rata basis. Record date for buyback is September 26, 2025.
The program is valid till October 17, 2025.
