Reckitt ( (GB:RKT) ) has provided an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 70,731 of its ordinary shares, which will be held in treasury. This transaction, conducted through HSBC Bank plc, is part of the authority granted by shareholders and impacts the company’s total voting rights, now totaling 683,483,873. This move is likely to affect the company’s market positioning by potentially increasing shareholder value and adjusting the company’s capital structure.
More about Reckitt
Reckitt Benckiser Group PLC operates in the consumer goods industry, focusing on health, hygiene, and home products. The company is known for its diverse portfolio of brands that cater to various market needs, including pharmaceuticals, cleaning agents, and personal care products.
YTD Price Performance: 8.01%
Average Trading Volume: 1,458,600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £35.18B
Learn more about RKT stock on TipRanks’ Stock Analysis page.