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IN BRIEF: Reckitt Benckiser consolidates shares after special dividend

ALN

Reckitt Benckiser Group PLC - Slough, England-based consumer health and hygiene products - Completes the second tranche of its £1 billion share buyback programme, while the share consolidation related to Reckitt’s £1.6 billion special dividend becomes effective on Monday. Reckitt buys back 3.5 million shares at an average £59.46, worth £205.8 million, between October and January. The buyback was begun in July.

Separately, Reckitt says the 25-into-24 share consolidation connected to its special dividend is effective on Monday, and its shares now carry the new ISIN number of GB00BSZBP530. The 235 pence per share special dividend is to return cash from the sale of Reckitt’s Essential Home business to private equity firm Advent International LP. Reckitt shareholders voted in favour of the special dividend and share consolidation at a general meeting held on Tuesday last week.

Current stock price: 6,159.00 pence, up 1.1% in London on Monday

12-month change: up 16%

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