Last checked at 25 Jul 2022 09:57
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