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Reckitt Benckiser Executes Share Buyback to Optimize Capital Structure

Story Highlights
  • Reckitt Benckiser is a global consumer goods company focused on health, hygiene, and home products.
  • Reckitt repurchased 75,000 shares to manage its capital structure and voting rights.
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Reckitt Benckiser Executes Share Buyback to Optimize Capital Structure

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Reckitt ( (GB:RKT) ) has issued an announcement.

Reckitt Benckiser Group PLC has repurchased 75,000 of its own ordinary shares, with the transaction carried out through HSBC Bank plc. This strategic move, approved at the company’s Annual General Meeting in May 2024, is part of Reckitt’s ongoing effort to manage its capital structure effectively, impacting its treasury shares and overall voting rights.

More about Reckitt

Reckitt Benckiser Group PLC operates in the consumer goods industry with a focus on health, hygiene, and home products. The company is known for its popular brands and products that serve various consumer needs globally.

YTD Price Performance: 10.16%

Average Trading Volume: 1,467,438

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £36.45B

Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.

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