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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.310 4.3 (35.80%)+
Announcement
Release
20 Oct 2025 8:24AM
Price at Release
$12.010
Full Release
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Summary
Reece Limited announced the successful completion of an off-market share buy-back valued at approximately A$365 million. The buy-back was initially announced on 22 September 2025 and resulted in the repurchase of 28.1 million shares at a price of A$13.00 per share, which represents 4.3% of the issued share capital. No scale-back was applied, and the total number of shares outstanding post buy-back is now 617,886,428. The buy-back was executed with the aim of returning excess capital to shareholders while maintaining the company's financial strength and flexibility for future growth. The taxation implications of this transaction mean that the buy-back price will be treated as capital consideration without any part being considered a dividend under Australian tax law. Payments for the shares bought back will commence on 24 October 2025.
Key Points
  • Successful completion of A$365 million off-market share buy-back.
  • Buy-back price set at A$13.00 per share.
  • 28.1 million shares repurchased, equating to 4.3% of issued share capital.
  • Total number of shares on issue after buy-back: 617,886,428.
  • No scale-back was applied to the applications.
  • Buy-back treated as a capital transaction for Australian tax purposes.
  • Payments to shareholders to commence on 24 October 2025.
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.