5th Aug 2009 14:22
05 August 2009
Home Retail Group plc
Employee Share Trust purchase of shares
Home Retail Group has today been informed by the Home Retail Group Employee Share Trust ('EST') that it has completed the purchase of 0.6m 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 277 pence per share and £1.7m in total; this has been funded from Group cash resources.
At 28 February 2009, the EST held 20.1m 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.
Enquiries
Analysts and investors (Home Retail Group)
Richard Ashton Finance Director 01908 600 291
Stuart Ford Head of Investor Relations
Media (Finsbury)
Rollo Head 020 7251 3801
Certain statements made in this announcement are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward looking s
Related Shares:
Home Reit