This Notice is being issued to provide Participants with further information in relation to the buy-back and details the application process through CHESS. 

What do I need to do by when?

Bid Details

Buy-Back Terms:

The buy-back price will be set in a range from $11.00 to $13.00, which the Board will determine based on shareholder demand at different tender price increments.  Final size and price will also depend on market conditions, value creation, capital allocation framework and other factors.

This off-market buy‑back (Buy-Back) was announced on Monday, 22 September 2025. Refer to the Buy-Back Booklet on https://www.reecebuyback.com.au/ for further information about the Buy-Back.

CHESS will process offer acceptance messages until 5:00pm (Melbourne time) on Thursday, 17 October 2025, or in the event that the offer is extended, such other times as may be notified by REH to the market.

For further information regarding the offer please contact the Reece Buy-Back Information Line on 1300 850 505 (within Australia) or +61 3 9415 4000 for callers outside of Australia between 8:30am and 5:30pm (Melbourne time), Monday to Friday.

Need more information?

Issued by

Equity Post Trade Operations

Contact information

Rebecca Hayes
1800 814 051
chesshelp@asx.com.au

General Information

Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below. 

• A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response. 
• In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
• Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
• if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise 
• by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer. 

Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.

Disclaimer