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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.560 6.24 (60.47%)+
Announcement
Release
22 Sep 2025 9:13AM
Price at Release
$10.320
Full Release
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Summary
Reece Limited is conducting an off-market share buy-back targeting $250 million, with flexibility to go up to $400 million based on demand, pricing, and market conditions. The process aims to return excess capital to shareholders and maintain a conservative leverage ratio while allowing for future growth opportunities. Eligible shareholders, those registered by 26 September 2025 in specified jurisdictions, can tender their shares at a price between $11.00 and $13.00, with the floor and ceiling prices representing a premium over the recent closing share price. The buy-back period runs from 29 September to 17 October 2025, with final pricing announced on 20 October and proceeds paid by 24 October 2025. The participation is voluntary, and shareholders are advised to consult with financial or tax advisers before deciding.
Key Points
  • Reece is conducting a share buy-back.
  • Buy-back target is $250 million, flexible up to $400 million.
  • Buy-back offers a return of excess capital to shareholders.
  • Eligible shareholders are defined as of 26 September 2025.
  • Tender range is between $11.00 and $13.00 per share.
  • Buy-back period is from 29 September to 17 October 2025.
  • Final pricing is announced on 20 October 2025.
  • Proceeds will be paid by 24 October 2025.
  • Participation is voluntary.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.