Reckitt (GB:RKT) has released an update.
Reckitt Benckiser Group PLC has announced the buyback of 86,321 of its own shares on August 14, 2024, at prices ranging from 4,211 to 4,259 pence per share, resulting in a volume-weighted average price of 4,232.26 pence each. These repurchased shares will be retained in the company’s treasury, leaving Reckitt with a total of 696,803,006 shares in issue and corresponding voting rights. The move aligns with the authorization from shareholders at the recent Annual General Meeting and is part of the company’s capital allocation strategy.
For further insights into GB:RKT stock, check out TipRanks’ Stock Analysis page.
