Reckitt (GB:RKT) has released an update.
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Reckitt Benckiser Group PLC has announced the repurchase of 153,400 of its own shares at a volume weighted average price of 4,603.16 pence per share, which will be held in treasury. This transaction, facilitated by J.P. Morgan Securities plc, alters the total number of voting rights in the company to 693,959,502. The share buyback is part of the company’s capital allocation strategy, as authorized by its shareholders earlier in the year.
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