Business
Employee Share Trust purchase
Employee Share Trust purchase.
About this update from Home Reit Plc
[{"type":"text","content":"\n RNS Number : 3360W Home Retail Group Plc 17 November 2010 \n \n\n \n \n \n \n \n \n \n \n \n17 November 2010\n \n \nHome Retail Group plc\nEmployee Share Trust purchase of shares\n \nHome Retail Group has today been informed by the Home Retail Group Employee Share Trust ('EST') that it has purchased 1.0m shares. The shares contribute towards those potentially needed to satisfy share-based incentive scheme awards on vesting. The purchase, including stamp duty and other transaction costs, represented an average price of 215 pence per share and £2.1m in total; this has been funded from Group cash resources.\n \nAt 27 February 2010, the EST held 13.9m shares. The purchase of further shares by the EST contributes towards the estimate of shares required to satisfy awards granted to date. Dividends on shares held by the EST for this purpose are waived. Shares held by the EST reduce the weighted average number of shares for basic and dilutive earnings per share calculations, until the time that the EST allocates shares to satisfy awards on vesting. The accounting charges relating to the Group's share-based incentive schemes are already expensed to the income statement over the relevant vesting periods.\n \n \nEnquiries\n \nAnalysts and investors (Home Retail Group)\nRichard Ashton Finance Director 01908 600 291\nStuart Ford Director of Investor Relations\n \nMedia (Finsbury)\nRollo Head  ...