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REECE LIMITED — Capital/Financing Update 2025
Oct 15, 2025
65683_rns_2025-10-15_9d560ee9-8d42-4971-8029-a73ce4e4a4b7.pdf
Capital/Financing Update
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ASX Announcement
16 October 2025
Off-Market Share Buy-Back Update
Reece Limited ("Reece") refers to its off-market share buy-back, announced on Monday, 22 September 2025[1] .
The buy-back opened to Eligible Shareholders on Monday, 29 September 2025. Eligible Shareholders are provided the opportunity to tender shares at a price between $11.00 and $13.00 (inclusive) at 20 cent intervals, or as a Final Price Application.
Aside from Final Price Applications, the weight of demand to date is at the top end of the buy-back price range. Reece has made no final determination regarding the final buy-back price or size.
The Buy-back Period will close at 5:00pm (Melbourne time) on Friday, 17 October 2025 ("Closing Date").
Reece will announce the final buy-back price and size pre-market on Monday, 20 October 2025. Applications tendered below the final Buy-back Price will be accepted at the final Buy-back Price. The Buyback is targeting $250 million, but the Board retains the discretion to accept more or less, subject to an upper limit of $400 million.
For more information
The buy-back information booklet is available on the ASX website at https://www.asx.com.au/ (under the code, "REH") and on the buy-back website at www.reecebuyback.com.au. You can also request a printed copy by calling the Reece Buy-Back Information Line on 1300 850 505 (free call in Australia) or +61 3 9415 4000 (outside Australia) (Monday to Friday, 8:30am to 5.30pm, Melbourne time).
Shareholders who have questions about the buy-back should seek advice from their financial, taxation or other professional adviser. You can contact the Reece Buy-Back Information Line on 1300 850 505 (free call in Australia) or +61 3 9415 4000 (outside Australia) (Monday to Friday, 8:30am to 5.30pm, Melbourne time) and, from Monday, 29 September 2025, visit the Buy-Back website at www.reecebuyback.com.au.
1 Capitalised terms have the meaning given to them in the information booklet released on 22 September 2025.
57 Balmain St Cremorne, Victoria 3121
Private Bag 109 T 61 3 9274 0000 Burwood Victoria 3125 F 61 3 9274 0199
ABN 49 004 313 133 www.group.reece.com/au
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For further information contact:
| Chantelle DuffyCompany SecretaryReece GroupE:[email protected] T: 03 9274 0024 | Georgina FreemanInvestor Relations Reece Group E:[email protected] T:0401 684 722 | Kristene ReynoldsMedia enquiriesReece Group E:[email protected]T:0421 052 265 |
|---|
This announcement has been authorised by Chantelle Duffy, Company Secretary at the direction of the Reece Limited Board.
About the Reece Group
Reece Group is a leading distributor of plumbing, waterworks and HVAC-R products to commercial and residential customers through more than 900 branches in Australia, New Zealand and the United States.
Established in 1920 and listed on the Australian Securities Exchange (ASX: REH), Reece Group has approximately 9,000 employees who are focused on building a better world for our customers by being our best.
For further information on Reece Group and its portfolio of businesses please visit group.reece.com/au.
57 Balmain St Private Bag 109 T 61 3 9274 0000 Cremorne Victoria 3121 Burwood Victoria 3125 F 61 3 9274 0199
ABN 49 004 313 133 group.reece.com/au