Reckitt Benckiser Group PLC Director/PDMR Shareholding (1173Y)

TIDMRB.

RNS Number : 1173Y

Reckitt Benckiser Group PLC

28 February 2017

28 February 2017

RECKITT BENCKISER GROUP PLC

DIRECTOR/PDMR SHAREHOLDING

Reckitt Benckiser Group plc (the "Company" or "RB") announces the following changes in the interests of a Person Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

Reckitt Benckiser Group 2015 Long Term incentive Plan (the "LTIP")

On 27 February 2017 awards over Shares were made under the LTIP to the PDMR listed below:

 
 Name            Director    Total Number       Total Number 
                   / PDMR        of Share    of Shares under 
                                  Options        conditional 
                                                       award 
--------------  ----------  -------------  ----------------- 
 Rupert Bondy      PDMR            67,500             38,917 
--------------  ----------  -------------  ----------------- 
 

The number of Shares and options shown is the maximum available if performance conditions relating to awards are satisfied in full. There will be no retesting of these awards. No consideration was paid for the grant of the awards. Options will be exercisable at GBP71.81 per share.

The following notifications are made in accordance with the requirements of the EU 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                                                      Rupert Bondy 
----  --------------------------------------------------------  ------------------------------------------------------ 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                           PDMR - SVP, Group General Counsel and Company 
                                                                 Secretary 
----  --------------------------------------------------------  ------------------------------------------------------ 
 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          Share options and conditional share awards over 
       instrument                                                ordinary shares of 10p each in Reckitt Benckiser 
       Identification code                                       Group plc 
                                                                 GB00B24CGK77 - ID code for ordinary shares 
----  --------------------------------------------------------  ------------------------------------------------------ 
 b)    Nature of the transaction                                       Grant under the Reckitt Benckiser Group 2015 
                                                                       Long-Term Incentive Plan of 
                                                                       1. share options, and 
                                                                       2. shares under conditional award 
 
                                                                       1. 22,500 share options may vest in May 2019, 
                                                                       subject to achievement of performance 
                                                                       conditions 
                                                                       for the three year performance period ending on 
                                                                       31 December 2018 and 45,000 share options 
                                                                       may vest in May 2020, subject to the 
                                                                       achievement of performance conditions for the 
                                                                       three year 
                                                                       performance period ending on 31 December 2019. 
                                                                       2. 5,167 shares may vest in May 2018 subject to 
                                                                       continued employment, 11,250 shares may vest 
                                                                       in May 2019, subject to achievement of 
                                                                       performance conditions for the three year 
                                                                       performance 
                                                                       period ending on 31 December 2018 and 22,500 
                                                                       share options may vest in May 2020, subject to 
                                                                       the achievement of performance conditions for 
                                                                       the three year performance period ending on 
                                                                       31 December 2019. 
                                                                       Further details of the performance targets will 
                                                                       be set out in the Company's 2016 Annual Report. 
----  --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                      Price(s)                  Volume(s) 
                                                                   ------------------------  ---------------- 
                                                                         1. Option Exercise        1. 67,500 
                                                                          price of GBP 
                                                                          71.81 
                                                                          2. Nil. 
                                                                                                    2. 38,917 
                                                                   ------------------------  ---------------- 
----  --------------------------------------------------------  ------------------------------------------------------ 
 d)         Aggregated information                               N/A 
              *    Aggregated volume 
 
 
              *    Price 
----  --------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                    2017-02-27 
----  --------------------------------------------------------  ------------------------------------------------------ 
 f)    Place of the transaction                                  Outside of a trading venue. 
----  --------------------------------------------------------  ------------------------------------------------------ 
 

For further Information:

Christine Logan

Deputy Company Secretary

Tel [phone]

About RB:

RB* is the world's leading consumer health and hygiene company. The company has operations in over 60 countries, with headquarters in London, Dubai and Amsterdam, and sales in most countries across the globe. The company employs approximately 37,000 people worldwide.

Inspired by a purpose to deliver innovative solutions for healthier lives and happier homes, RB is in the top 20 companies listed on the London Stock Exchange. We are the global No 1 or No 2 in the majority of our fast-growing categories, driven by an exceptional focus on innovation. Our health, hygiene and home portfolio is led by our global Powerbrands including Nurofen, Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Air Wick, Woolite and French's. Our Powerbrands represent 80% of net revenue.

RB is redefining the world of consumer health and hygiene. Our people and unique culture are at the heart of our success. We have a drive for achievement and a passion to outperform wherever we focus, including sustainability where we are targeting a 1/3 reduction in water impact, 1/3 reduction in carbon and 1/3 of net revenue from more sustainable products. We are proud to be Save the Children's largest global partner, with a new vision to radically reduce one of the world's largest killers of under 5s, diarrhoea.

For more information visit www.rb.com

*RB is the trading name of the Reckitt Benckiser group of companies

This information is provided by RNS

The company news service from the London Stock Exchange

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February 28, 2017 12:00 ET (17:00 GMT)