Commencement of Third Tranche of Share Buyback
Summary by AI BETAClose X
9 March 2026
RECKITT BENCKISER GROUP PLC
2025 SHARE BUYBACK PROGRAMME - THIRD TRANCHE
On 24 July 2025, Reckitt Benckiser Group plc ("Reckitt" or the "Company") announced a £1 billion share buyback programme (the "Programme") to complete over the then following 12 months, the purpose of which is to increase returns to shareholders and to reduce the share capital of Reckitt. On 28 July 2025, Reckitt announced the details of a first tranche of the Programme to return up to £250 million of capital to shareholders (the "First Tranche"). On 22 October 2025 Reckitt announced commencement of the second tranche of this Programme to return up to a further £250 million of capital to shareholders (the "Second Tranche") which completed on 30 January 2026 with £206 million having been returned under this tranche.
Further to the Full Year Results Announcement on 5 March 2026, Reckitt today announces its intention to commence the third tranche of the Programme (the "Third Tranche") which will return up to a further £540 million of capital to shareholders, to begin on 9 March 2026 and which is expected to end no later than 27 July 2026. All shares repurchased under the Third Tranche will be held in Treasury.
Reckitt announces that it has entered into an agreement with Deutsche Bank AG, London Branch under which it has issued an instruction to Deutsche Bank AG, London Branch to manage the Third Tranche of the Programme. Deutsche Bank AG, London Branch will, acting as riskless principal, purchase Ordinary Shares for an aggregate purchase price of no greater than £540 million and will simultaneously sell such Ordinary Shares on to the Company.
Any purchase of Ordinary Shares in relation to this announcement will be carried out on the London Stock Exchange and Multilateral Trading Facilities, as defined by the Directive 2014/65/EU on markets in financial instruments (including the delegated and implementing acts adopted under it) as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter, and executed in accordance with the Listing Rules and Reckitt's general authority to make market purchases of Ordinary Shares. The shares will be purchased in accordance with the price and volume conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter.
Reckitt 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 or in accordance with the timings specified in the Listing Rules. To the extent permitted by law, Ordinary Shares purchased under the Third Tranche of the Programme will be held in Treasury. For the avoidance of doubt, no repurchases will be made in respect of the Company's American Depository Receipts.
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
For further Information:
Catheryn O'Rourke Tel +44 (0) 1753 217 800
Company Secretary
Nick Ashworth Tel. +44 (0) 7408 812350
Investor Relations Director
About Reckitt*:
We make the products people trust to care for the ones they love. We are home to some of the world's best-loved consumer health and hygiene brands, including Dettol, Durex, Finish, Gaviscon, Harpic, Lysol, Mucinex, Nurofen, Strepsils, Vanish and Veet. Consumers are at the heart of everything we do. By creating innovative, science-backed solutions, we support people every day to live healthier lives.
Reckitt exists to protect, heal and nurture in the pursuit of a cleaner, healthier world. This commitment goes beyond the products we make. Through our actions, we expand access to healthcare, education and economic opportunities. We support the planet by reducing waste, conserving resources and driving sustainable innovation.
We believe good health starts at home. With every action we take, we strive to make our consumers' lives easier, cleaner and healthier, to strengthen communities and to create a more sustainable future.
* Reckitt is the trading name of the Reckitt Benckiser group of companies
Reckitt Benckiser Group plc's LEI code is 5493003JFSMOJG48V108
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