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

N BrownAnnouncement

02/08/2022 07:00

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RNS Number : 5205U  Brown (N.) Group PLC  02 August 2022

N Brown Group plc

 

(the "Company")

 

Purchase of shares by Employee Benefit Trust

 

Further to the announcement made on 25 July 2022, N Brown Group plc has been
notified by Sanne Fiduciary Services Limited the Trustee of the Company's
Employee Benefit Trust ('EBT') that the EBT has purchased a total of 598,032
Ordinary Shares ('Shares') in the Company.

 

The Shares will be held in the EBT, which is a discretionary trust for the
benefit of the Group's employees. The Shares will be used to meet future
obligations arising under the Company's various share schemes and share plans,
including share awards made to PDMRs of the Company.

 

The purchases were as follows:

 

 DATE        SOURCE  NUMBER OF SHARES  PURCHASE PRICE
 22/07/2022  AIMX    40,074             £10,018.50
 25/07/2022  AIMX    268,075            £68,627.20
 26/07/2022  AIMX    189,653            £48,551.17
 27/07/2022  AIMX    13,048             £3,353.34
 28/07/2022  AIMX    23,383             £6,004.75
 29/07/2022  AIMX    63,799             £16,396.34
                     TOTAL:            £152,951.30

 

 

The average price of the purchases was 25.5757 pence per share.

 

Following this purchase of Shares by the EBT, a total of 2,866,253 Shares,
representing approximately 0.62% of the Company's total voting rights, are
held by the EBT. 1,373,128 of the Shares held by the EBT are currently
unallocated to employees and PDMRs. The issued share capital in the Company
remains unchanged at 460,483,231 Shares.

 

These Shares were acquired by the EBT as part of its intended market purchases
(the "Market Purchases") as announced on 25 July 2022. Further updates in
respect of the Market Purchases will be made as required.

 

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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