Reckitt (GB:RKT) has released an update.
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Reckitt Benckiser Group plc (Reckitt) has successfully completed the first tranche of its £1 billion share buyback program, purchasing 5.66 million shares at an average price of £44.21 each. The company has now initiated the second tranche, aiming to repurchase up to £250 million worth of shares by 20 December 2024, as part of its capital reduction strategy. The buyback will be managed by Numis Securities Limited, with shares acquired to be held in treasury.
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