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LONDON - Reckitt Benckiser Group plc announced Friday it will commence a second £250 million tranche of its share buyback program following completion of the first tranche, which is expected in October 2025.
The second tranche forms part of Reckitt’s previously announced £1 billion share buyback program unveiled on July 24, 2025. The company has engaged BNP Paribas to manage the purchases, which will begin immediately after the first £250 million tranche concludes.
According to the statement, the second tranche is expected to be completed by January 30, 2026. All shares repurchased will initially be held in treasury and later canceled upon completion of the tranche.
The consumer goods company, which owns brands including Dettol, Durex, and Lysol, will conduct the purchases on the London Stock Exchange and Multilateral Trading Facilities in accordance with regulatory requirements and the company’s general authority granted by shareholders at its Annual General Meeting on May 8, 2025.
Reckitt stated it will announce any market repurchases no later than 7:30 a.m. on the business day following the transaction. The company confirmed no repurchases will be made regarding its American Depository Receipts.
The share buyback program aims to increase returns to shareholders and reduce the company’s share capital, according to the press release statement. Reckitt indicated that any further tranches of the program would be announced after completion of the second tranche.
The company’s share repurchases are subject to price and volume conditions set out in applicable regulations retained in UK law following Brexit.
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