RECKITT BENCKISER GROUP PLC: Transaction in Own Shares
18 February 2013
For immediate release
Reckitt Benckiser Group plc
Share Repurchase Programme
Reckitt Benckiser Group plc (the "Company") today announces that it will commence a share repurchase programme of the Company's ordinary shares of 10 pence each (the "Ordinary Shares") up to a maximum of 6,000,000 Ordinary Shares representing 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 market purchases of the Ordinary Shares on the Main Market of the London Stock Exchange plc (the "Exchange"). The Programme will commence with effect from today and continue until the earlier of (i) the Company making a market announcement 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 under the Programme will be made in accordance with both the Company's general authority to repurchase shares granted by shareholders at the annual general meeting held on 3 May 2012, 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 is an amount equal to the higher of:
(i) 105% of the average of the middle market quotations for the Ordinary Shares as taken from the Exchange's Daily Official List for the five business days preceding 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 later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. To the extent permitted by law, Ordinary Shares purchased under the Programme are expected to be held in treasury.
Elizabeth Richardson Reckitt Benckiser Group plc 01753 217800
-0- Feb/18/2013 07:00 GMT