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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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