Reckitt Completes £1 Billion Share Buyback Programme
Why we think this is neutral
The RNS announcement is a general update on the completion of a share buyback programme, which does not contain any specific financial or operational news that would warrant a more positive or negative sentiment score. The announcement provides details on the buyback but does not indicate any significant impact on the company's performance or outlook.
Key Points
- Reckitt Benckiser Group plc has completed a £1 billion share buyback programme
- The company purchased 9,920,979 ordinary shares at an average price of £50.40
- Reckitt plans to announce a new buyback programme with its HY 2025 results
Summary
Reckitt Benckiser Group plc has confirmed the successful completion of the third and final tranche of its current £1 billion share buyback programme. Under the Third Tranche, the company purchased 9,920,979 ordinary shares at an average price of £50.40, which are now held in treasury. Reckitt intends to announce a new buyback programme alongside the company's HY 2025 results, scheduled for 24 July 2025.