On-market Buyback Update
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| Stock | Reece Ltd (REH.ASX) |
|---|---|
| Release Time | 22 Dec 2025, 9:53 a.m. |
| Price Sensitive | Yes |
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Reece Ltd Increases On-Market Buyback Target
Key Points
- Reece increases on-market share buyback target to $85 million
- Buyback to be funded from existing cash reserves and debt facilities
- Buyback commenced on 12 December 2025 and may continue for up to 12 months
Full Summary
Reece Ltd has announced a $50 million increase to its on-market share buyback target, now set at $85 million. The buyback commenced on 12 December 2025 and may continue for up to 12 months, with the actual number of shares purchased and the timing of purchases dependent on market conditions, share price, and other relevant factors. The buyback will be funded from Reece's existing cash reserves and debt facilities. Chairman & CEO Peter Wilson stated that the increase reflects the company's disciplined approach to capital management and ongoing commitment to delivering shareholder value, while maintaining a strong balance sheet with a conservative leverage ratio to fund future growth.
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