Business
Employee Share Trust purchase of shares
Employee Share Trust purchase of shares.
About this update from Home Reit Plc
[{"type":"text","content":"\n \nRNS Number : 0464N Home Retail Group Plc 02 September 2013 \n\nMonday 2 September 2013\n \n \nHome Retail Group plc\nEmployee Share Trust purchase of shares\n \nHome Retail Group has been informed by the Home Retail Group Employee Share Trust ('EST') that it has purchased a further 10.0m shares. The shares contribute towards those potentially needed to satisfy obligations arising from employee share schemes, the majority of which relate to the save-as-you-earn plans offered to the Group's c.50,000 colleagues. The purchase, including stamp duty and other transaction costs, represented an average price of 141 pence per share and £14.1m in total; this has been funded from Group cash resources.\n \nDividends on shares held by the EST are waived. Shares held by the EST reduce the weighted average number of shares for both 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\nMark Willis Director of Investor Relations\n \nMedia (Finsbury)\nRollo Head 020 7251 3801\n \n\nThis information is provided by RNSThe company...