Share Repurchase programme

RNS Number : 5260I

Reckitt Benckiser Group PLC

30 May 2014

 



30 May 2014

Reckitt Benckiser Group plc

Share Repurchase Programme

Reckitt Benckiser Group plc ("RB") today announces that it will commence a share repurchase programme of RB's ordinary shares of 10 pence each (the "Ordinary Shares") up to a maximum of 6,000,000 Ordinary Shares representing approximately 0.83% of RB's current issued share capital (the "Programme") to offset the dilutive impact of employee share schemes.

RB announces that it has entered into an irrevocable, non-discretionary arrangement with Morgan Stanley Securities Limited ("Morgan Stanley") to enable the purchase of Ordinary Shares during the period running from 2 June 2014 and ending no later than 22 August 2014, therefore running through RB's close period of 1 - 28 July.

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 Programme.  Morgan Stanley will make any disclosures it is legally required to make in relation to such transactions.

Contact:

Elizabeth Richardson

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.

 

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