22 May 2013
For immediate release
Reckitt Benckiser Group plc
Share Re-purchase Programme
On 18 February 2013, Reckitt Benckiser Group plc (the "Company") announced it
was commencing a share re-purchase programme of up to a maximum of 6,000,000
Ordinary Shares of 10p each ("Shares"). To date, 4,039,361 Shares have been
re-purchased under this programme.
The Company today announces that it will continue its re-purchase programme of
the Company's Shares to purchase the balance of 1,960,639 Shares representing
approximately 0.27% of the Company's current issued share capital (the "
Programme") to offset the dilutive impact of employee share schemes.
This follows the conclusion of the irrevocable, non-discretionary programme
initiated in March 2013 which concluded at the beginning of May.
Subject to market conditions, the Programme will be undertaken by way of market
purchases of the 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 2014 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
re-purchase shares granted by shareholders at the annual general meeting held
on 2 May 2013, 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 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 purchase of Shares no later than 7.30 a.m.
on the business day following the calendar day on which the purchase occurred.
To the extent permitted by law, Shares purchased under the Programme are
expected to be held in treasury.
Contact:
Elizabeth Richardson Reckitt Benckiser Group plc 01753 217800
Company Secretary
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