REG - Brown (N.) Group PLC - Purchase of shares by Employee Benefit Trust

N BrownAnnouncement

11/08/2022 15:30

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RNS Number : 7629V  Brown (N.) Group PLC  11 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 on 09 August 2022 the EBT purchased a
total of 688,811 Ordinary Shares ('Shares') in the Company at 25.7021 pence
per share. The Shares were purchased from allocated shareholdings held by the
EBT on behalf of participants which were sold on their behalf to cover tax
obligations arising on the vesting of awards.

 

The EBT also purchased a total of 154,803 Ordinary Shares in the Company at
25.0700 pence per share on 10 August 2022.

 

Both share acquisitions were acquired by the EBT as part of its intended
market purchases (the "Market Purchases") as announced on 25 July 2022. This
now concludes the current share purchase programme by the EBT.

 

The Shares will be held as unallocated to employees and PDMRs in the EBT,
which is a discretionary trust for the benefit of the Group's employees and
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.

 

Following these share acquisitions, the EBT holds 1,087,071 Shares which are
unallocated to employees and PDMRs.

 

As at 11 August 2022 the total Shares held by the EBT is 3,248,179 Shares,
representing approximately 0.71% of the Company's total voting rights. The
issued share capital in the Company remains unchanged at 460,483,231 Shares.

 

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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