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Director/PDMR Shareholding

8 May 2018 14:00

RNS Number : 3830N
Reckitt Benckiser Group PLC
08 May 2018
 

 

 

 

 

 

 

 

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").

 

1. Vesting and Release of Restricted Share Awards

Following the assessment of the Compound Average Annual Growth in EPS performance condition over the three-year period ended 31 December 2017 and confirmation of full vesting of awards at the Company's Annual General Meeting held on 3 May 2018, the following awards made under the Reckitt Benckiser Group 2007 Long-Term Incentive Plan vested and Shares were released on 4 May 2018:

 

Name

Director/PDMR

Date of Grant of Award

Number of Shares

Rakesh Kapoor*

Director

01 December 2014

120,000

Adrian Hennah**

Director

01 December 2014

22,500

Rob de Groot

PDMR

01 December 2014

50,000

 

 

* Award made over 240,000 Shares. The Remuneration Committee exercised discretion to reduce

vesting to 50% of award.

** Award made over 45,000 Shares. The Remuneration Committee exercised discretion to reduce

vesting to 50% of award.

 

The Shares noted below were sold on 4 May 2018 at £55.7582 per Share to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting:

 

Name

Number of Shares sold

Rakesh Kapoor

56,612

Adrian Hennah

10,595

Rob de Groot

18,216

 

Mr Kapoor also sold his remaining balance of 63,388 Shares at £55.7582 per Share. Messrs Hennah and de Groot retained the net balance of their vested awards.

 

2. Resulting Holdings

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

 

 

 

Name

 

 

Number of Shares

Percentage of Issued

Share Capital

(excl Treasury Shares)

Rakesh Kapoor

628,054

0.0891%

Adrian Hennah

104,071

0.0148%

Rob de Groot

362,100

0.0514%

 

 

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 and President, 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

Conditional share awards over ordinary shares of 10p each in Reckitt Benckiser Group plc

GB00B24CGK77 - ID code for ordinary shares

b)

Nature of the transaction

Vesting and release of share awards under the Reckitt Benckiser Group 2007 Long Term Incentive Plan

1. Shares released

2. Shares disposed

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Nil

2. GBP 55.7582

1. 120,000

2. 120,000

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2018-05-04

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

Conditional share awards over ordinary shares of 10p each in Reckitt Benckiser Group plc

GB00B24CGK77 - ID code for ordinary shares

b)

Nature of the transaction

Vesting and release of share awards under the Reckitt Benckiser Group 2007 Long Term Incentive Plan

1. Shares released

2. Shares disposed

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Nil

GBP 55.7582

1. 22,500

2. 10,595

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2018-05-04

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

 

 

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

Conditional share awards over ordinary shares of 10p each in Reckitt Benckiser Group plc

GB00B24CGK77 - ID code for ordinary shares

b)

Nature of the transaction

Vesting and release of share awards under the Reckitt Benckiser Group 2007 Long Term Incentive Plan

1. Shares released

2. Shares disposed

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Nil

2. GBP 55.7582

 

1. 50,000

2. 18,216

 

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2018-05-04

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

 

 

For further Information:Christine Logan

Deputy Company SecretaryTel +44 (0) 1753 217 800

 

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

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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