Business
2025 SHARE BUYBACK PROGRAMME – FIRST TRANCHE
2025 SHARE BUYBACK PROGRAMME – FIRST TRANCHE.
About this update from Reckitt Benckiser Group Plc
[{"type":"text","content":"\n\n28 July 2025\n \nRECKITT BENCKISER GROUP PLC\n \n2025 SHARE BUYBACK PROGRAMME\n \nReckitt Benckiser Group plc (\"Reckitt\" or the \"Company\") announces that in connection with its intention to commence its latest £1 billion 2025 share buyback programme (the \"Programme\") over the next 12 months, which was announced on 24 July 2025, the 2025 Programme will commence on 28 July 2025. The purpose of the new share buy-back programme is to increase returns to shareholders and to reduce the share capital of Reckitt.\n \nIn accordance with the Company's general authority to make market purchases of existing ordinary shares of 10 pence each in the share capital of the Company (the \"Ordinary Shares\") as granted by shareholders at the Company's Annual General Meeting on 8 May 2025, the Company will purchase no more than 68,400,000 Ordinary Shares. The first tranche of the Programme will commence on 28 July 2025 and is expected to end no later than 31 October 2025. The First Tranche will return up to £250 million of capital to shareholders. All shares repurchased under the First Tranche will be cancelled.\n \nReckitt announces that it has entered into an agreement with RBC Europe Limited (\"RBC\") under which it has issued an instruction to RBC to manage the first tranche of the Programme. RBC will, acting as riskless principal, purchase Ordinary Shares for an aggregate purchase price of no greater than £250 million and will simultaneously sell such Ordinary Shares on to the Company.\n \nAny purchase of Ordinary Shares in relation to this announcement will be carried out on the London Stock Exchange and Multilateral Trading Facilities, as defined by the Directive 2014/65/EU on markets in financial instruments (including the delegated and implementing acts adopted under it) as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter, and executed in accordance with the Listing Rules and Reckitt's general authority to make market purchases of Ordinary Shares. The shares will be purchased in accordance with the price and volume conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Pa...