InvestSMART

Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.310 3.62 (28.53%)+
Announcement
Release
22 Dec 2025 9:53AM
Price at Release
$12.690
Full Release
download
Summary
Reece Limited has announced an increase of $50 million to its on-market share buyback target, bringing the total to $85 million. This decision reflects the company's focused approach to capital management and commitment to delivering shareholder value. The buyback, funded from existing cash reserves and debt facilities, began on 12 December 2025, and can continue for up to 12 months, subject to market conditions and other factors.
Key Points
  • Reece Limited increases on-market share buyback target by $50 million.
  • Total buyback target set at $85 million.
  • The buyback commenced on 12 December 2025.
  • Buyback may continue for up to 12 months.
  • Buyback funded from existing cash reserves and debt facilities.
  • Decision reflects disciplined capital management and shareholder value focus.
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.