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Reckitt Benckiser Buys Back Shares to Boost Capital

Reckitt Benckiser Buys Back Shares to Boost Capital

Reckitt (GB:RKT) has released an update.

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Reckitt Benckiser Group has repurchased 146,000 of its ordinary shares to be held in treasury, as part of a strategy authorized by shareholders earlier this year. The shares were bought at a volume-weighted average price of 4,754.56 pence, impacting the total number of voting rights in the company to 688,393,884. This move reflects Reckitt’s ongoing efforts to manage its capital structure effectively.

For further insights into GB:RKT stock, check out TipRanks’ Stock Analysis page.

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