16 May 2017 17:27
RECKITT BENCKISER GROUP PLC
REPLACEMENT RNS:
The following amendment has been made to the Director/PDMR Shareholdings announcement released on 8 May 2017 at 18.15 hrs under RNS No 5213E.
The announcement noted above incorrectly stated Mr Frederic Larmuseau's resultant shareholding in 3. following the transactions outlined in 1. and 2. as 185,557 Shares, comprising 0.0264% of the issued share capital. The correct amount was 183,216 Shares, comprising 0.0261%.
All other details remain unchanged.
The correct version of the announcement is as below:
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 2016 and confirmation of full vesting of awards at the Company's Annual General Meeting held on 4 May 2017, the following awards made under the Reckitt Benckiser Group 2007 Long-Term Incentive Plan vested and Shares were released on 5 May 2017:
Name | Director/PDMR | Date of Grant of Award | Number of Shares |
Rakesh Kapoor* | Director | 11 December 2013 | 123,386 |
Adrian Hennah | Director | 11 December 2013 | 46,270 |
Rob de Groot | PDMR | 11 December 2013 | 51,411 |
Amedeo Fasano | PDMR | 11 December 2013 | 41,129 |
Roberto Funari | PDMR | 11 December 2013 | 41,129 |
Frederic Larmuseau | PDMR | 11 December 2013 | 41,129 |
Darrell Stein | PDMR | 1 September 2014 | 23,135 |
Deborah Yates ** | PDMR | 5 December 2011 | 206 |
Deborah Yates | PDMR | 3 December 2012 | 206 |
Deborah Yates | PDMR | 11 December 2013 | 8,227 |
* Award made over 246,772 shares. The Remuneration Committee exercised discretion to reduce
vesting to 50% of award.
** Award was granted prior to becoming a PDMR and eligible for retesting.
The Shares noted below were sold on 5 May 2017 at £71.4983 per share in order to realise sufficient funds to settle resultant tax and social security liabilities arising from such issue:
Name | Number of Shares sold |
Rakesh Kapoor | 58,094 |
Adrian Hennah | 21,786 |
Rob de Groot | 18,746 |
Amedeo Fasano | 19,366 |
Roberto Funari | 13,296 |
Frederic Larmuseau | 2,341 |
Darrell Stein | 10,894 |
Deborah Yates | 4,192 |
A further 32,665 Shares were disposed of by Mr de Groot on 5 May 2017 at £71.4983 and a further 6,026 Shares by Mr Stein on 8 May 2017 at £71.80 per share.
2. Option Exercise and Sale of Shares
On 8 May 2017, Darrell Stein exercised a total of 46,254 share options granted on 1 September 2014 and disposed of all the resulting Shares at £71.7308. 45,681 options were granted at an option exercise price of £50.81 and 573 options were granted at an option exercise price of £52.25 per share.
3. Resulting Holdings
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 | 628,054 | 0.0895% |
Adrian Hennah | 89,881 | 0.0128% |
Rob de Groot | 313,675 | 0.0447% |
Amedeo Fasano | 222,280 | 0.0317% |
Roberto Funari | 139,406 | 0.0199% |
Frederic Larmuseau | 183,216 | 0.0261% |
Darrell Stein | 18,750 | 0.0027% |
Deborah Yates | 8,473 | 0.0012% |
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 | 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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
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 - Area EVP, ENA | ||||
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 to meet resultant tax and social securities liabilities 3. Additional disposal of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market - XLON | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Amedeo Fasano | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - EVP, Supply | ||||
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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market - XLON | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Roberto Funari | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - EVP, Category Development Orghanisation | ||||
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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market - XLON | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Frederic Larmuseau | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - EVP, Developing Markets | ||||
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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market - XLON | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Darrell Stein | ||||
2 | Reason for the notification | |||||
a) | Position/status | SVP - Information Services | ||||
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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market - XLON | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Deborah Yates | ||||
2 | Reason for the notification | |||||
a) | Position/status | SVP - Global Human Resources | ||||
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 to meet resultant tax and social securities liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-05-05 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market - XLON | ||||
Details of the person discharging managerial responsibilities / person closely associated | |||||
Name | Darrell Stein | ||||
Reason for the notification | |||||
Position/status | SVP - Information Services | ||||
Initial notification/Amendment | Initial notification | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name | Reckitt Benckiser Group plc | ||||
LEI | 5493003JFSMOJG48V108 | ||||
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 | |||||
Description of the financial instrument, type of instrument Identification code | Share Options and Ordinary shares of 10p each in Reckitt Benckiser Group plc GB00B24CGK77 - ID code for ordinary shares | ||||
Nature of the transaction | 1. Disposal of Shares 2. Acquisition of Shares pursuant to exercise of approved options under the 2007 LTIP. 3. Acquisition of Shares pursuant to exercise of unapproved options under the 2007 LTIP. 4. Disposal of Shares following share option exercise. | ||||
Price(s) and volume(s) |
| ||||
Aggregated information - Aggregated volume - Price | N/A | ||||
Date of the transaction | 2017-05-08 | ||||
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 world's leading consumer health and hygiene company. The company has operations in over 60 countries, with headquarters in London, Dubai and Amsterdam, and sales in most countries across the globe. The company employs approximately 37,000 people worldwide.
Inspired by a purpose to deliver innovative solutions for healthier lives and happier homes, RB is in the top 20 companies listed on the London Stock Exchange. We are the global No 1 or No 2 in the majority of our fast-growing categories, driven by an exceptional focus on innovation. Our health, hygiene and home portfolio is led by our global Powerbrands including Nurofen, Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Air Wick, Woolite and French's. Our Powerbrands represent 80% of net revenue.
RB is redefining the world of consumer health and hygiene. Our people and unique culture are at the heart of our success. We have a drive for achievement and a passion to outperform wherever we focus, including sustainability where we are targeting a 1/3 reduction in water impact, 1/3 reduction in carbon and 1/3 of net revenue from more sustainable products. We are proud to be Save the Children's largest global partner, with a new vision to radically reduce one of the world's largest killers of under 5s, diarrhoea.
For more information visit www.rb.com
*RB is the trading name of the Reckitt Benckiser group of companies