Director/PDMR Shareholding

RNS Number : 8567Y

Reckitt Benckiser Group PLC

13 May 2019

 

13 May 2019

RECKITT BENCKISER GROUP PLC

DIRECTOR/PDMR SHAREHOLDINGS

Reckitt Benckiser Group plc (the "Company" or "RB") announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

2015 Long Term Incentive Plan ("LTIP")

1. Vesting and Release of Performance Share Awards

Following the assessment of the Compound Average Annual Growth in EPS performance condition over the three-year period ended 31 December 2018 and confirmation of partial vesting of awards at the Company's Annual General Meeting held on 9 May 2019, performance share awards made under the LTIP on 2 December 2015, vested at 65% and the following Shares were released:

Name	Director/PDMR	Number of Shares vested
Rakesh Kapoor	Director	156,000
Adrian Hennah	Director	29,250
Rob de Groot	PDMR	32,500
Aditya Sehgal	PDMR	7,800

The Shares noted below were sold on 10 May 2019 at £61.4302 per Share to realise sufficient funds to settle resultant tax and social security liabilities arising from the above vestings:

Name	Number of Shares sold
Rakesh Kapoor	73,067
Adrian Hennah	13,701
Rob de Groot	11,734

In addition, Aditya Sehgal had a performance share award made to him under the LTIP on 1 May 2017 which was subject to annual vesting in three tranches on the date of the AGM based on his continued employment. 3,333 Shares vested under this award and were released to him. Aditya Sehgal made arrangements to settle his liability on release of both awards directly with RB and retained the gross number of Shares released on vesting. 

Following the transactions detailed above, total holdings for the Directors and PDMRs noted above are as shown below:

Name	Number of Shares	Percentage of Issued Share Capital (excl Treasury Shares)
Rakesh Kapoor	710,987	0.1003%
Adrian Hennah	120,142	0.0170%
Rob de Groot	384,249	0.0542%
Aditya Sehgal	57,602	0.0081%

2. Grant of Performance Share Awards and Share Options

On 10 May 2019, the grant of performance share awards and share options were made under the LTIP to the Director and PDMRs listed below:

Name	Number of share options	Number of shares under performance award
Adrian Hennah	80,000	40,000
Rob de Groot	80,000	40,000
Aditya Sehgal	40,000	20,000

The number of Shares and options shown is the maximum available if the stretching performance conditions for the three-year performance period ending on 31 December 2021 are satisfied in full.  Further details of the performance targets are set out in the Company's 2018 Annual Report. The awards granted are subject to a two-year holding period following the end of the three-year performance period. Options will be exercisable at £60.83 per share. 

There will be no retesting of these awards.  No consideration was paid for the grant of these awards.

The following notifications are made in accordance with the requirements of the EU Market Abuse Regulation.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rakesh Kapoor
2	Reason for the notification
a)	Position/status	Director - Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Reckitt Benckiser Group plc
b)	LEI	5493003JFSMOJG48V108
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Vesting of share awards under the Reckitt Benckiser Group 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 156,000
d)	Aggregated information -       Aggregated volume -       Price	N/A
e)	Date of the transaction	2019-05-09
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £61.4302 73,067
d)	Aggregated information -       Aggregated volume -       Price	Aggregate Price Aggregate Volume Aggregate Total £61.4302 73,067 £4,488,520.40
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	London Stock Exchange, Main Market - XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adrian Hennah
2	Reason for the notification
a)	Position/status	Director - Chief Financial Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Reckitt Benckiser Group plc
b)	LEI	5493003JFSMOJG48V108
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Vesting of share awards under the Reckitt Benckiser Group 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 29,250
d)	Aggregated information -       Aggregated volume -       Price	N/A
e)	Date of the transaction	2019-05-09
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £61.4302 13,701
d)	Aggregated information -       Aggregated volume -       Price	Aggregate Price Aggregate Volume Aggregate Total £61.4302 13,701 £841,655.17
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	London Stock Exchange, Main Market - XLON
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Grant of share options for nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £60.83 80,000
d)	Aggregated information -       Aggregated volume -       Price	Aggregate Price Aggregate Volume Aggregate Total £60.83 80,000 £4,866,400
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Grant of performance share awards for nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 40,000
d)	Aggregated information -       Aggregated volume -       Price	n/a
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rob de Groot
2	Reason for the notification
a)	Position/status	PDMR - President, Hygiene Home
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Reckitt Benckiser Group plc
b)	LEI	5493003JFSMOJG48V108
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Vesting of share awards under the Reckitt Benckiser Group 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 32,500
d)	Aggregated information -       Aggregated volume -       Price	N/A
e)	Date of the transaction	2019-05-09
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £61.4302 11,734
d)	Aggregated information -       Aggregated volume -       Price	Aggregate Price Aggregate Volume Aggregate Total £61.4302 11,734 £720,821.96
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	London Stock Exchange, Main Market - XLON
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Grant of share options for nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £60.83 80,000
d)	Aggregated information -       Aggregated volume -       Price	Aggregate Price Aggregate Volume Aggregate Total £60.83 80,000 £4,866,400
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Grant of performance share awards for nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 40,000
d)	Aggregated information -       Aggregated volume -       Price	n/a
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Aditya Sehgal
2	Reason for the notification
a)	Position/status	PDMR - Chief Operating Officer, Health
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Reckitt Benckiser Group plc
b)	LEI	5493003JFSMOJG48V108
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Vesting of share awards under the Reckitt Benckiser Group 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 11,133
d)	Aggregated information -       Aggregated volume -       Price	N/A
e)	Date of the transaction	2019-05-09
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Grant of share options for nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan of
c)	Price(s) and volume(s)	Price(s) Volume(s) £60.83 40,000
d)	Aggregated information -       Aggregated volume -       Price	Aggregate Price Aggregate Volume Aggregate Total £60.83 40,000 £2,433,200
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares
b)	Nature of the transaction	Grant of performance share awards for nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 20,000
d)	Aggregated information -       Aggregated volume -       Price	n/a
e)	Date of the transaction	2019-05-10
f)	Place of the transaction	Outside a trading venue

For further Information:
Christine Logan

Deputy Company Secretary
Tel [phone]

Reckitt Benckiser Group plc's LEI code is 5493003JFSMOJG48V108

About RB*:

RB is the global leading consumer health, hygiene and home company. Driven by a purpose of providing innovative solutions for healthier lives and happier homes, RB has operations in over 60 countries.  From the foundations of wellness and infant nutrition, to the fundamentals of a hygienic home, its global brands help people live healthier, happier lives.

RB has world leading Powerbrands which include household names such as Enfamil, Nutramigen, Nurofen, Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Woolite and Air Wick.

RB's unique culture is at the heart of its success.  Its drive to achieve, passion to outperform and commitment to quality and scientific excellence is manifested in the work of over 40,000 employees worldwide. 

For more information visit www.rb.com 

*RB is the trading name of the Reckitt Benckiser group of companies

 

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