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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.520 6.2 (60.08%)+
Announcement
Release
22 Sep 2025 9:15AM
Price at Release
$10.320
Full Release
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Summary
Reece Limited has announced an off-market share buy-back, allowing eligible shareholders to tender their shares at a price range between $11.00 and $13.00. The buy-back aims to repurchase up to $250 million worth of shares, with the potential to increase up to $400 million based on shareholder demand. The minimum price represents a 6.6% premium to the last closing price of $10.32. This buy-back may impact the company's free-float in the S&P/ASX 100 index, as the Wilson family, who hold a substantial portion of the shares, will not participate, potentially increasing their control. The offer is voluntary and not open to certain foreign shareholders. Affected shareholders will receive communications regarding the number of shares bought back and the price paid. The buy-back completion is scheduled for 24 October 2025, and the company plans to adjust its capital management strategy based on the buy-back's outcome.
Key Points
  • Buy-back price range set between $11.00 to $13.00.
  • Reece aims to buy back $250 million worth of shares, potentially up to $400 million.
  • Minimum buy-back price is a 6.6% premium to the last closing price.
  • Wilson family, major shareholders, will not participate, potentially increasing their control.
  • Buy-back affects Reece's free-float in the S&P/ASX 100 index.
  • The buy-back is voluntary and excludes certain foreign shareholders.
  • Final buy-back details to be announced on 20 October 2025.
  • Buy-back completion set for 24 October 2025, with an evaluation of capital management strategy afterwards.
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.