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Pin to quick picksReckitt Share News (RKT)

Share Price Information for Reckitt (RKT)

London Stock Exchange
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Share Price: 4,622.00
Bid: 4,621.00
Ask: 4,623.00
Change: 23.00 (0.50%)
Spread: 2.00 (0.043%)
Open: 4,600.00
High: 4,622.00
Low: 4,600.00
Prev. Close: 4,599.00
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IN BRIEF: Reckitt to launch GBP500 million buyback tranche in April

Wed, 27th Mar 2024 10:16

Reckitt Benckiser Group PLC - Slough, England-based consumer goods company - Announces the third tranche of GBP500 million in its ongoing GBP1 billion share buyback programme. The first two tranches were for GBP250 million each, the second of which has been running since the start of February. Says the third tranche will commence upon completion of the second, expected in April. Morgan Stanley will run the third tranche on behalf of Reckitt. Reckitt says the acceleration of the programme reflects its "confidence in the continued strong free cashflow generation of Reckitt and its framework for enduring value creation".

Current stock price: up 1.2% at 4,402.99 pence per share in London on Wednesday

12-month change: down 28%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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