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Reckitt ( (GB:RKT) ) has provided an update.
Reckitt Benckiser Group PLC announced a share buyback transaction, where it purchased 75,000 of its own ordinary shares from HSBC Bank plc. This purchase aligns with the authority granted during the company’s 2024 Annual General Meeting and is part of Reckitt’s strategy to manage its share capital effectively. The repurchased shares will be held in treasury, with the company now holding over 51 million shares in treasury. This transaction affects the total voting rights within the company, which stands at 685,045,432, and provides a reference for shareholders under the FCA’s Disclosure Guidance and Transparency Rules.
More about Reckitt
Reckitt Benckiser Group PLC is a multinational consumer goods company operating in the health, hygiene, and home product sectors. Its portfolio includes well-known brands and it focuses on delivering high-quality products across these market segments.
YTD Price Performance: 8.71%
Average Trading Volume: 1,483,499
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36B
See more insights into RKT stock on TipRanks’ Stock Analysis page.
