Lendlease Group to Buy Over 3 Million Shares to Fund Employee Security Plan; Shares Rise 5%

MT Newswires Live

2025/08/18

Lendlease Group (ASX:LLC) confirmed it will purchase over 3 million securities on-market between Aug. 29 and Sept. 19, to support its employee security plan, according to a Monday filing with the Australian bourse.

The number of securities purchased will depend on the price and will fund the employee security plan, including deferred rights and awards for employees below the corporate leadership team, with the securities held in trust until they vest, the filing said.

The company's shares rose 5% in recent Monday trade.

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