RECKITT
BENCKISER GROUP PLC
2024
SHARE BUYBACK PROGRAMME
COMPLETION OF FIRST TRANCHE AND COMMENCEMENT OF SECOND
TRANCHE
Reckitt Benckiser Group plc
("Reckitt" or the
"Company") confirms
the successful completion of the first
tranche of £250m (the "First Tranche") of its 2024 £1 billion
share buyback programme (the "Programme") announced on 24 July
2024.
Under the First Tranche, between 26
July 2024 and 1 October 2024, the Company has purchased 5,655,355
ordinary shares of 10p each (the "Ordinary Shares") at an average price
of £44.21, and which are now held in treasury.
Further to the announcement on 24
September 2024, the Company confirms that the second tranche of the
Programme (the "Second
Tranche") to return
a further up to £250 million of capital to
shareholders, will commence on 2 October 2024 and
will end on or before 20 December 2024. As previously
announced, the purpose of the Second Tranche is to reduce
the share capital of the Company. The Second
Tranche will take place within the limitations of the authority
granted to the Board by shareholders
at the Company's Annual General Meeting on 2 May
2024. Pursuant to that authority, the
maximum number of shares which remain available for purchase under
the Second Tranche is 56,500,000.
As previously announced, Reckitt has
entered into an agreement with Numis
Securities Limited ("DN")
under which it has instructed DN to manage
the Second Tranche of the Programme. DN will, acting as
riskless principal, purchase Ordinary Shares for an aggregate
purchase price of no greater than £250 million and will
simultaneously sell such Ordinary Shares on to the Company. To the
extent permitted by law, Ordinary Shares purchased under the Second
Tranche of the Programme will be held in treasury.
This announcement does not
constitute, or form part of, an offer or any solicitation of an
offer for securities in any jurisdiction.
CONTACT DETAILS:
Richard
Joyce
+44 (0)7807 418516
Investor Relations
Catheryn O'Rourke
+44 (0) 1753 217 800
General Counsel & Company
Secretary
About Reckitt:
Reckitt* exists to protect, heal and
nurture in the relentless pursuit of a cleaner, healthier world. We
believe that access to the highest-quality hygiene, wellness and
nourishment is a right, not a privilege.
Reckitt is the company behind some
of the world's most recognisable and trusted consumer brands in
hygiene, health and nutrition, including Air Wick, Calgon, Cillit
Bang, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol,
Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet,
Woolite and more.
Every day, more than 20 million
Reckitt products are bought globally. We always put consumers and
people first, seek out new opportunities, strive for excellence in
all that we do and build shared success with all our partners. We
aim to do the right thing, always.
We are a diverse global team of c.
40,000 colleagues. We draw on our collective energy to meet our
ambitions of purpose-led brands, a healthier planet and a fairer
society. Find out more, or get in touch with us
at www.reckitt.com
* Reckitt is the trading name of the
Reckitt Benckiser group of companies
Reckitt Benckiser Group plc's LEI
code is 5493003JFSMOJG48V108