8 May 2018 14:00
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) |
| ||||
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) |
| ||||
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) |
| ||||
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