Genuit Group plc (GEN), the UK's largest provider of sustainable water and climate management products for the built environment, has announced that the trustee of its Employee Benefit Trust purchased 1,500,000 ordinary shares at an average price of £2.607983, for a total consideration of £3,939,359.82 inclusive of brokerage and dealing charges. The purchase was made by Apex Financial Services (Jersey) Limited in its capacity as EBT trustee and forms part of the company's stated strategy to reduce dilution from share option awards. Following the transaction, the Trust holds 1,642,287 ordinary shares, representing 0.65% of the company's current voting rights.

Key Points

  • Genuit Group plc (GEN) — UK-listed provider of sustainable water and climate management products
  • EBT trustee Apex Financial Services (Jersey) Limited purchased 1,500,000 ordinary shares of 0.001p each at an average price of £2.607983
  • Total aggregate consideration of £3,939,359.82, inclusive of brokerage and dealing charges; Trust now holds 1,642,287 shares equal to 0.65% of voting rights
  • Investors will be watching how the Trust deploys these shares to settle employee scheme awards and whether further purchases are made under the EBT strategy

Apex Financial Services Completes £3.94 Million EBT Share Purchase on Behalf of Genuit Group

The announcement confirms that Apex Financial Services (Jersey) Limited, acting as trustee of the Genuit Employee Benefit Trust, acquired 1,500,000 ordinary shares of 0.001p each at a weighted average price of £2.607983 per share. The total consideration of £3,939,359.82 includes brokerage and dealing charges. The company states the purchase was executed in line with its EBT strategy, which is specifically designed to mitigate the dilutive impact of share option awards on existing shareholders and to improve overall shareholder return over time.

Genuit EBT Trust Holding Rises to 1,642,287 Shares Representing 0.65% of Voting Rights

Following completion of the purchase, the Genuit Employee Benefit Trust holds a total of 1,642,287 ordinary shares in the company. The announcement states this position represents 0.65% of the company's current voting rights as at the date of disclosure. The acquired shares will be deployed by the Trust for the settlement of awards granted under Genuit's employee share schemes, or as otherwise permitted within the terms of the EBT trust deed. This mechanism is a common structural tool used by UK-listed companies to manage equity-based employee remuneration obligations without issuing new shares into the market.

Genuit's Sustainable Water and Climate Products Portfolio Underpins UK Built Environment Strategy

Genuit Group operates through two divisions — Climate, covering low-carbon heating, cooling and ventilation systems, and Water, covering distribution, conservation, storage and attenuation products. The group's portfolio includes established brands such as Polypipe, Nuaire, and Adey, serving UK built environment markets with what the company describes as strong climate-related growth drivers. Genuit identifies itself as the UK's largest provider in its sector, with a stated strategy of increasing international diversification alongside its core domestic operations.