4 Mar 2016 17:40
4th March 2016
Reckitt Benckiser Group plc
Share Repurchase Programme
Reckitt Benckiser Group plc ("RB") announces that pursuant to the share repurchase programme of RB's ordinary shares of 10 pence each (the "Ordinary Shares") to offset the dilutive impact of employee share schemes announced on 30th December 2015 (the "Programme"), it has entered into an irrevocable, non-discretionary arrangement with Deutsche Bank AG, London Branch ("Deutsche Bank") to enable the purchase of up to 6,000,000 Ordinary Shares representing approximately 0.85% of RB's current issued share capital (excluding treasury shares) during the period running from 7th March 2016 and ending no later than 4th May 2016.
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 Ordinary 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.
Deutsche Bank may, for its own account, purchase and sell Ordinary Shares and enter into related hedging transactions on the London Stock Exchange or otherwise in order to manage its market exposure under the Programme. Deutsche Bank will make any disclosures it is legally required to make in relation to such transactions.
Contact:
Christine Logan
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.