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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $15.830 3.59 (29.33%)+
Announcement
Release
27 Nov 2025 8:27AM
Price at Release
$12.240
Full Release
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Summary
Reece Limited has announced an on-market share buyback targeting up to $35 million, following the completion of a $365 million off-market share buyback in October 2025. This initiative is part of Reece's strategic capital allocation framework aimed at creating long-term shareholder value. The buyback, set to commence on or after 12 December 2025, will be funded through existing cash and debt facilities, with the duration expected to last up to 12 months. The actual number of shares bought back will be influenced by market conditions. This move underscores Reece's commitment to maintaining a strong balance sheet and conservative leverage for future growth.
Key Points
  • Reece Limited announces an on-market share buyback of up to $35 million.
  • The buyback follows a $365 million off-market share buyback completed in October.
  • The buyback is supported by existing cash and debt facilities.
  • The buyback is set to commence on or after 12 December 2025 and may run for up to 12 months.
  • The actual number of shares to be purchased will depend on market conditions and other factors.
  • The announcement is authorized by Chantelle Duffy, Company Secretary.
  • Reece Group operates over 900 branches in Australia, New Zealand, and the United States.
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.