22nd May 2013 07:00
RECKITT BENCKISER GROUP PLC - Transaction in Own SharesRECKITT BENCKISER GROUP PLC - Transaction in Own Shares
PR Newswire
London, May 21
On 18 February 2013, Reckitt Benckiser Group plc (the "Company") announced itwas commencing a share re-purchase programme of up to a maximum of 6,000,000Ordinary Shares of 10p each ("Shares"). To date, 4,039,361 Shares have beenre-purchased under this programme.
The Company today announces that it will continue its re-purchase programme ofthe Company's Shares to purchase the balance of 1,960,639 Shares representingapproximately 0.27% of the Company's current issued share capital (the "Programme") to offset the dilutive impact of employee share schemes.
This follows the conclusion of the irrevocable, non-discretionary programmeinitiated in March 2013 which concluded at the beginning of May.
Subject to market conditions, the Programme will be undertaken by way of marketpurchases of the Shares on the Main Market of the London Stock Exchange plc(the "Exchange"). The Programme will commence with effect from today andcontinue until the earlier of (i) the Company making a market announcement thatthe Programme has come to an end, (ii) 30 June 2014 and (iii) the date of theCompany's next annual general meeting. Any purchases made under the Programmewill be made in accordance with both the Company's general authority tore-purchase shares granted by shareholders at the annual general meeting heldon 2 May 2013, the Listing Rules and Commission Regulation (EC) No 2273/2003(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 Shares as takenfrom the Exchange's Daily Official List for the five business days precedingthe date of purchase; and
(ii) that stipulated by article 5(1) of the EU Buy-Back Regulation.
The Company will announce any market purchase of Shares no later than 7.30 a.m.on the business day following the calendar day on which the purchase occurred.To the extent permitted by law, Shares purchased under the Programme areexpected to be held in treasury.
Contact:
Elizabeth Richardson Reckitt Benckiser Group plc 01753 217800Company Secretary
Related Shares:
RB..L