BUZZ-Australia's Reece hits 4-month high after boosting buyback target
Reuters
Dec 22, 2025
BUZZ-Australia's Reece hits 4-month high after boosting buyback target
** Shares of Australia's Reece REH.AX rise as much as 3.6% to A$13.075, their highest since August 22
** Plumbing products maker announces a A$50 million ($33.05 million) increase to its on-market share buyback target
** The increase sets the total buyback target at A$85 million, which will be funded by its existing cash reserves and debt facilities
** REH down 41.8% YTD
($1 = 1.5129 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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