Reckitt (GB:RKT) has released an update.
Reckitt, a global leader in consumer health and hygiene, has launched the first tranche of its £1 billion share buyback program, aiming to repurchase up to £250 million worth of shares to reduce the company’s share capital. The buyback initiative, which began on July 26, 2024, is expected to conclude by October 31, 2024, with J.P. Morgan Securities managing the transactions. This first tranche is part of a broader strategy to return value to shareholders, with further phases to be announced following its completion.
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