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REG - Brown (N.) Group PLC - Intended Purchase of Shares by EBT

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RNS Number : 6000T  Brown (N.) Group PLC  25 July 2022

N Brown Group plc

 

(the "Company")

 

Intended purchase of shares by Employee Benefit Trust

 

N Brown Group plc announces that Sanne Fiduciary Services Limited, the Trustee
of the Company's Employee Benefit Trust (the "Trust"), has indicated its
intention to make market purchases in ordinary shares of the Company for the
benefit of the Trust up to a value of £460,000, in order to help meet future
obligations arising under the Company's various share schemes and share plans
(the "Market Purchases"). This will include share awards made to PDMRs of the
Company.

 

The Market Purchases are subject to the Trustee's absolute discretion as to
the purchase price to be paid within pre-agreed parameters set by the Company.

 

It is expected that the Market Purchases will be funded by amounts advanced by
the Company by way of a gift, such funding having been provided for within
recent public announcements as to the Company's outlook.

 

A further announcement will be made on completion of the Market Purchases.

 

For enquiries, please contact:

 

Michael Mustard

Company Secretary and General Counsel, N Brown Group Plc

 

Tel: +44 (0)161 238 2298

 

Registered office:

Griffin House

40 Lever Street

Manchester

M60 6ES

 

Shore Capital - Nominated Adviser and Broker

Stephane Auton / Daniel Bush / John More

+44 (0) 20 7408 4090

 

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