TIDMRB.
RNS Number : 6752T
Reckitt Benckiser Group PLC
26 March 2021
26 March 2021
RECKITT BENCKISER GROUP PLC
DIRECTOR/PDMR SHAREHOLDINGS
Reckitt Benckiser Group plc (the "Company") announces the
following changes in the interests of Directors and Persons
Discharging Managerial Responsibility ("PDMR") in ordinary shares
of 10 pence each in the share capital of the Company
("Shares").
1. Vesting of Replacement Award
As previously announced on 6 August 2019, Laxman Narasimhan,
Chief Executive Officer, was granted a target award of 48,410
Shares (with a maximum award of 175% of target). This award also
accrues dividend equivalents. The award was made to compensate for
remuneration arrangements forfeited by Mr Narasimhan on leaving his
previous employer, PepsiCo and was based on PepsiCo Inc.'s
performance over the three-year period which ended in December
2020. Following the publication of PepsiCo's proxy report, on 24
March 2021 the vesting of Mr Narasimhan's award was confirmed at
52.60% of the target amount of 48,410 Shares, which equated to
25,463 Shares, plus dividend equivalents amounting to 891 Shares.
The balance of the Shares has lapsed.
On 25 March 2021, 26,354 Shares were released to Mr Narasimhan.
He retained the net balance of 13,948 Shares, following the sale of
12,406 Shares to settle resultant tax and social security
liabilities. Following this transaction, Mr Narasimhan's beneficial
holding has increased to 56,052 Shares, representing 0.00786% of
the total voting rights of the Company.
Full details of this award were set out on page 125 of our 2019
Annual Report and Accounts.
2. Grant of Deferred Bonus Share Awards
On 25 March 2021, the grant of conditional share awards was made
under the Reckitt Benckiser Group Deferred Bonus Plan ("DBP") to
the Directors and PDMRs listed below:
Name Director/PDMR Number of Shares under
award
L axman Narasimhan Director 21,124
--------------- -----------------------
Jeff Carr Director 9,163
--------------- -----------------------
Kris Licht PDMR 8,059
--------------- -----------------------
The following notifications are made in accordance with DTR
3.1.2-A, incorporating article 19(1) of the Market Abuse
Regulation.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Laxman Narasimhan
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Reckitt Benckiser Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 5493003JFSMOJG48V108
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 10p each in Reckitt Benckiser Group
instrument plc
Identification code
GB00B24CGK77
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Vesting of replacement share awards in relation to
former employment with PepsiCo, Inc.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 26,354
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
Aggregated volume N/A
Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-25
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 10p each in Reckitt Benckiser Group
instrument plc
Identification code GB00B24CGK77 - ID code for ordinary shares
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Sale of shares
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP64.5262 12,406
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
* Aggregated volume Price Volume Total
GBP64.5262 12,406 GBP800,512.04
---------- --------------
* Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-25
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market - XLON
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 10p each in Reckitt Benckiser Group
instrument plc
Identification code
GB00B24CGK77
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of conditional share awards for nil
consideration under the Reckitt Benckiser Group
Deferred Bonus Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 21,124
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
Aggregated volume N/A
Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-25
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Jeff Carr
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Reckitt Benckiser Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 5493003JFSMOJG48V108
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 10p each in Reckitt Benckiser Group
instrument plc
Identification code
GB00B24CGK77
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of conditional share awards for nil
consideration under the Reckitt Benckiser Group
Deferred Bonus Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 9,163
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
Aggregated volume N/A
Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-25
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kris Licht
------------------------------------------------------------ -------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------------------
a) Position/status President Health and Chief Customer Officer
------------------------------------------------------------ -------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------------------------------------ -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------------------------
a) Name Reckitt Benckiser Group plc
------------------------------------------------------------ -------------------------------------------------
b) LEI 5493003JFSMOJG48V108
------------------------------------------------------------ -------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each in Reckitt Benckiser
Identification code Group plc
GB00B24CGK77
------------------------------------------------------------ -------------------------------------------------
b) Nature of the transaction Grant of conditional share awards for nil
consideration under the Reckitt Benckiser
Group Deferred Bonus Plan
------------------------------------------------------------ -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 8,059
----------
------------------------------------------------------------ -------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------------------------------------ -------------------------------------------------
e) Date of the transaction 2021-03-25
------------------------------------------------------------ -------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------ -------------------------------------------------
For further Information:
Rupert Bondy
Company Secretary
Tel +44 (0) 1753 217 800
John Dawson
SVP, Investor Relations
Tel. +44 (0) 1753 217 800
Reckitt Benckiser Group plc's LEI code is
5493003JFSMOJG48V108
About Reckitt:
Reckitt* exists to protect, heal and nurture in the relentless
pursuit of a cleaner, healthier world. W e believe that access to
the highest-quality hygiene, wellness and nourishment is a right,
not a privilege.
Reckitt is the company behind some of the world's most
recognisable and trusted consumer brands in hygiene, health and
nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil,
Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein,
Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and
more.
Every day, more than 20 million Reckitt products are bought
globally. We always put consumers and people first, seek out new
opportunities, strive for excellence in all that we do and build
shared success with all our partners. We aim to do the right thing,
always.
We are a diverse global team of more than 43,000 colleagues. We
draw on our collective energy to meet our ambitions of purpose-led
brands, a healthier planet and a fairer society. Find out more, or
get in touch with us at www.reckitt.com
*Reckitt is the trading name of the Reckitt Benckiser group of
companies
, the news service of the London Stock Exchange. RNS is approved by
the Financial Conduct Authority to act as a Primary Information
Provider in the United Kingdom. Terms and conditions relating to
the use and distribution of this information may apply. For further
information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBDGDXRGDDGBL
(END) Dow Jones Newswires
March 26, 2021 08:30 ET (12:30 GMT)
Reckitt Benckiser (LSE:RKT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Reckitt Benckiser (LSE:RKT)
Historical Stock Chart
From Apr 2023 to Apr 2024
