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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Reckitt Benckiser Group Plc | LSE:RKT | London | Ordinary Share | GB00B24CGK77 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
7.00 | 0.16% | 4,476.00 | 4,483.00 | 4,485.00 | 4,521.00 | 4,468.00 | 4,472.00 | 3,319,901 | 16:35:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Soap And Other Detergents | 14.61B | 1.64B | 2.3088 | 19.42 | 31.91B |
TIDMRKT
RNS Number : 4591A
Reckitt Benckiser Group PLC
01 June 2021
1 June 2021
RECKITT BENCKISER GROUP PLC
DIRECTOR/PDMR SHAREHOLDING
Reckitt Benckiser Group plc (the "Company" or "Reckitt") 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").
2015 Long Term Incentive Plan ("LTIP")
Grant of Performance Share Options and Performance Share Awards
On 28 May 2021, the grant of performance share options and performance share awards ("2021 LTIP awards") were made under the LTIP to the Directors and PDMRs listed below:
Director/PDMR Number of Number of performance Name performance shares share options Director and Laxman Narasimhan PDMR 150,000 75,000 Director and Jeff Carr PDMR 80,000 40,000 Volker Kuhn PDMR 50,000 25,000 Aditya Sehgal PDMR 50,000 25,000 Kris Licht PDMR 50,000 25,000
The number of performance share options and performance share awards shown is the maximum available if the stretching performance conditions for the three-year performance period ending on 31 December 2023 are satisfied in full.
At the time of publication of the 2020 Annual Report the Remuneration Committee had not finalised the targets for the 2021 LTIP awards and committed to disclosing targets when the awards were made. As set out in the 2020 Annual Report, the performance measures and weightings are unchanged from last year; the definitions of the measures are set out on page 149 of the 2020 Annual Report.
The targets that will apply to the 2021 LTIP awards for the 2021-2023 performance period are set out below.
Performance Condition Proportion of Target to achieve Target to achieve 2021 Award subject threshold (20%) maximum (100%) to Performance vesting vesting Condition Like-for-like Net Revenue growth (3-year CAGR) 50% 1% 5% -------------------- ------------------ ------------------ ROCE (final year) 25% 12.3% 14.0% -------------------- ------------------ ------------------ EPS (final year) 12.5% 327 pence 401 pence on a constant foreign exchange basis -------------------- ------------------ ------------------ EPS (final year) 12.5% 308 pence 379 pence on an actual foreign exchange basis -------------------- ------------------ ------------------
Vesting between achievement of threshold and maximum performance is on a straight-line basis. In addition to the above performance conditions, before determining the final vesting level, the Remuneration Committee will continue to take a broader assessment of performance in the round and has an overriding discretion to adjust vesting outcomes where, acting fairly and reasonably, it considers the formulaic outcome to be inappropriate.
In line with the Directors' Remuneration Policy, for Executive Directors there is a further two-year holding period commencing after the end of the performance period.
Performance share options will be exercisable at GBP64.67 per share. No consideration was paid for the grant of these awards.
Vesting of share awards
On 28 May 2021, a time-vested share award granted to Kris Licht on 4 November 2019 under the Reckitt Benckiser Group plc 2015 Long Term Incentive Plan vested.
4,578 Shares were sold on 28 May 2021 at GBP63.52 per Share to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting.
Also on 28 May 2021, a time-vested share award granted to Volker Kuhn on 3 August 2020 under the Reckitt Benckiser Group plc 2015 Long Term Incentive Plan vested.
382 Shares were sold on 28 May 2021 at GBP63.52 per Share to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting.
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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of share options for nil consideration transaction under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 150,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume - Price Nil 150,000 Nil ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of performance share awards for transaction nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 75,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 75,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of share options for nil consideration transaction under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 80,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 80,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of performance share awards for transaction nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 40,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 40,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 & 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of share options for nil consideration transaction under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 50,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 50,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of performance share awards for transaction nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 25,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 25,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Vesting/release of share awards granted transaction on 4 November 2019 under the Reckitt Benckiser Group plc 2015 Long Term Incentive
Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 8,733 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 8,733 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Sale of shares to settle tax liabilities transaction arising from conditional share award releases ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) GBP63.52 4,578 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume GBP63.52 4,578 GBP290,794.56 - Price ---------- -------------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the London Stock Exchange, Main Market - transaction XLON ------------------------ ---------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Volker Kuhn ------------------------ ---------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------ a) Position/status President Hygiene ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of share options for nil consideration transaction under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 50,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 50,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of performance share awards for transaction nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Pla ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 25,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 25,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Vesting/release of share awards granted transaction on 3 August 2020 under the Reckitt Benckiser Group plc 2015 Long Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 19,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 19,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code
------------------------ ---------------------------------------------- b) Nature of the Sale of shares to settle tax liabilities transaction arising from conditional share award releases ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) GBP63.52 382 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume GBP63.52 382 GBP24,264.64 - Price ---------- ------------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the London Stock Exchange, Main Market - transaction XLON ------------------------ ---------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Aditya Sehgal ------------------------ ---------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------ a) Position/status President Nutrition, eRB & Greater China ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of share options for nil consideration transaction under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 50,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 50,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ---------------------------------------------- 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 Ordinary shares of 10p each in Reckitt the financial Benckiser Group plc instrument, type GB00B24CGK77 - ID code for ordinary of instrument shares Identification code ------------------------ ---------------------------------------------- b) Nature of the Grant of performance share awards for transaction nil consideration under the Reckitt Benckiser Group plc 2015 Long-Term Incentive Plan ------------------------ ---------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) Nil 25,000 ---------- ------------------------ ---------------------------------------------- d) Aggregated information Aggregate Price Aggregate Aggregate - Aggregated Volume Total volume Nil 25,000 Nil - Price ---------- ---------- ------------------------ ---------------------------------------------- e) Date of the transaction 2021-05-28 ------------------------ ---------------------------------------------- f) Place of the Outside a trading venue transaction ------------------------ ----------------------------------------------
For further Information:
Rupert Bondy
Company Secretary
Tel +44 (0) 1753 217 800
Sandra Azevedo-Moura
Investor Relations Director
Tel. +44 (0) 1753 446 984
Reckitt Benckiser Group plc's LEI code is 5493003JFSMOJG48V108
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