18th Feb 2013 07:00
RECKITT BENCKISER GROUP PLC - Transaction in Own SharesRECKITT BENCKISER GROUP PLC - Transaction in Own Shares
PR Newswire
London, February 15
Reckitt Benckiser Group plc (the "Company") today announces that it willcommence a share repurchase programme of the Company's ordinary shares of 10pence each (the "Ordinary Shares") up to a maximum of 6,000,000 Ordinary Sharesrepresenting approximately 0.8% of the Company's current issued share capital(the "Programme") to offset the dilutive impact of employee share schemes.
Subject to market conditions, the Programme will be undertaken by way of marketpurchases of the Ordinary Shares on the Main Market of the London StockExchange plc (the "Exchange"). The Programme will commence with effect fromtoday and continue until the earlier of (i) the Company making a marketannouncement that the Programme has come to an end, (ii) 30 June 2013 and (iii)the date of the Company's next annual general meeting. Any purchases made underthe Programme will be made in accordance with both the Company's generalauthority to repurchase shares granted by shareholders at the annual generalmeeting held on 3 May 2012, the Listing Rules and Commission Regulation (EC) No2273/2003 (the "EU Buy-Back Regulation").
The maximum price payable per Ordinary Share purchased under the Programme isan amount equal to the higher of:
(i) 105% of the average of the middle market quotations for the Ordinary Sharesas taken from the Exchange's Daily Official List for the five business dayspreceding the date of purchase; and
(ii) that stipulated by article 5(1) of the EU Buy-Back Regulation.
The Company will announce any market repurchase of Ordinary Shares no laterthan 7.30 a.m. on the business day following the calendar day on which therepurchase occurred. To the extent permitted by law, Ordinary Shares purchasedunder the Programme are expected to be held in treasury.
Contact:
Elizabeth Richardson Reckitt Benckiser Group plc 01753 217800
Company Secretary
Related Shares:
RB..L