Share repurchase programme

RNS Number : 8878L

Reckitt Benckiser Group PLC

30 April 2015

 



Reckitt Benckiser Group plc

Share Repurchase Programme

30 April 2015

On 11 February 2015 Reckitt Benckiser Group plc ("RB") confirmed that its current £300m repurchase programme of up to a maximum of 6,000,000 of RB's ordinary shares of 10 pence each (the "Ordinary Shares") of RB's current issued share capital, to offset the dilutive impact of employee share schemes, would be supplemented with an additional repurchase programme of up to £500m of Ordinary Shares in 2015 (the "Programme").

In continuation of the Programme, RB today announces that it has entered into an irrevocable, non-discretionary arrangement with Morgan Stanley & Co. International PLC ("Morgan Stanley") to enable the purchase of up to 3,500,000 Ordinary Shares during the period running from 1 May 2015 and expected to end by 30 June 2015 but ending no later than 6 July 2015 (the "Morgan Stanley Programme"), therefore partly running through RB's close period of 1 July to 24 July 2015.

Any purchase of Ordinary Shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with the Listing Rules and RB's general authority to make market purchases of Shares. RB 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. Ordinary Shares purchased under the Programme will be held in treasury.

Morgan Stanley may undertake transactions in Shares (which may include sales and hedging activities, in addition to purchases) in order to manage its market exposure under the Morgan Stanley Programme.  Morgan Stanley will make any disclosures it is legally required to make in relation to such transactions.

Contact:

William R Mordan

Company Secretary

Reckitt Benckiser Group plc

01753 217800

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

 

END

 

 

POSBXGDSBBXBGUG