30 Sep 2015 17:17
Reckitt Benckiser Group plc
Share Repurchase Programme
30 September 2015
On 11 February 2015 Reckitt Benckiser Group plc ("RB") confirmed that its current £300m repurchase programme of up to a maximum of 6,000,000 of RB's ordinary shares of 10 pence each (the "Ordinary Shares") of RB's current issued share capital, to offset the dilutive impact of employee share schemes, would be supplemented with an additional repurchase programme of up to £500m of Ordinary Shares in 2015 (the "Programme").
In continuation of the Programme, RB today announces that it has entered into an irrevocable, non-discretionary arrangement with Morgan Stanley & Co. International PLC ("Morgan Stanley") to enable the purchase of up to 4,500,000 Ordinary Shares during the period running from 1 October 2015 and expected to end by 25 November 2015 but ending no later than 30 November 2015 (the "Morgan Stanley Programme"), therefore running through RB's close period of 1 October to 20 October 2015.
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 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.
Morgan Stanley may undertake transactions in Ordinary Shares (which may include sales and hedging activities, in addition to purchases) in order to manage its market exposure under the Morgan Stanley Programme. Morgan Stanley will make any disclosures it is legally required to make in relation to such transactions.
Contact:
William R Mordan
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.