Regulatory Story
Go to market news section View chart   Print
Reckitt Benckiser Group PLC  -  RB.   

Transaction in Own Shares

Released 07:00 18-Feb-2013

Transaction in Own Shares

18 February 2013

For immediate release

                          Reckitt Benckiser Group plc                          

                          Share Repurchase Programme                           

Reckitt Benckiser Group plc (the "Company") today announces that it will
commence a share repurchase programme of the Company's ordinary shares of 10
pence each (the "Ordinary Shares") up to a maximum of 6,000,000 Ordinary Shares
representing approximately 0.8% of the Company's current issued share capital
(the "Programme") to offset the dilutive impact of employee share schemes.

Subject to market conditions, the Programme will be undertaken by way of market
purchases of the Ordinary Shares on the Main Market of the London Stock
Exchange plc (the "Exchange"). The Programme will commence with effect from
today and continue until the earlier of (i) the Company making a market
announcement that the Programme has come to an end, (ii) 30 June 2013 and (iii)
the date of the Company's next annual general meeting. Any purchases made under
the Programme will be made in accordance with both the Company's general
authority to repurchase shares granted by shareholders at the annual general
meeting held on 3 May 2012, the Listing Rules and Commission Regulation (EC) No
2273/2003 (the "EU Buy-Back Regulation").

The maximum price payable per Ordinary Share purchased under the Programme is
an amount equal to the higher of:

(i) 105% of the average of the middle market quotations for the Ordinary Shares
as taken from the Exchange's Daily Official List for the five business days
preceding the date of purchase; and

(ii) that stipulated by article 5(1) of the EU Buy-Back Regulation.

The Company will announce any market repurchase of Ordinary Shares no later
than 7.30 a.m. on the business day following the calendar day on which the
repurchase occurred. To the extent permitted by law, Ordinary Shares purchased
under the Programme are expected to be held in treasury.

Contact:

Elizabeth Richardson Reckitt Benckiser Group plc 01753 217800


Company Secretary

Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Transaction in Own Shares - RNS