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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -30.00 | -0.72% | 4,110.00 | 4,129.00 | 4,131.00 | 4,173.00 | 4,110.00 | 4,130.00 | 2,348,543 | 16:35:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Soap And Other Detergents | 14.61B | 1.64B | 2.3088 | 17.89 | 29.4B |
From Apr 2022 to Apr 2024
TIDMRKT
RNS Number : 5055M
Reckitt Benckiser Group PLC
23 May 2022
23 May 2022
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 20 May 2022, the grant of performance share options and performance share awards ("2022 LTIP awards") were made under the LTIP to the Directors and PDMRs listed below:
Hot Features
Premium
Director/PDMR Number of performance Number of performance
Name share options shares
Laxman Narasimhan Director and PDMR 150,000 75,000
------------------ ---------------------- ----------------------
Jeff Carr Director and PDMR 80,000 40,000
------------------ ---------------------- ----------------------
Volker Kuhn PDMR 80,000 40,000
------------------ ---------------------- ----------------------
Kris Licht PDMR 80,000 40,000
------------------ ---------------------- ----------------------
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 2024 are satisfied in full.
The targets that will apply to the 2022 LTIP awards for the 2022-2024 performance period are set out below.
Performance Condition Threshold* Maximum* Proportion
of award
------------------------------------ -----------
(20% vesting) (100% vesting)
------------------------------------ -------------- --------------- -----------
Net Revenue (NR) Growth -
measured on a like-for-like
(LFL) compound annual growth
basis (CAGR) over three years 2.0% 5.0% 40%
-------------- --------------- -----------
Return on Capital Employed
(ROCE) - measured in the final
year of performance 13.2% 15.2% 25%
-------------- --------------- -----------
Relative Total Shareholder
Return (relative TSR) - measured
against a group of 19 peer
companies over three years Median Upper quartile 25%
-------------- --------------- -----------
% of net revenue from more
sustainable products - measured
in the final year of performance 30% 33% 5%
-------------- --------------- -----------
% reduction in Greenhouse
Gas (GHG) emissions in operations
- measured in the final year
of performance 65% 69% 5%
-------------- --------------- -----------
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 GBP63.32 per share. No consideration was paid for the grant of these awards.
Vesting of share awards
A performance share award of 75,000 shares granted to Laxman Narasimhan under the Reckitt Benckiser Group plc 2015 Long Term Incentive Plan on 5 August 2019 vested on 20 May 2022 at 21.5%. This resulted in 16,125 shares vesting. 7,713 shares were sold on 20 May 2022 at GBP62.137851 per share to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting. Following this, 8,412 shares were retained and are subject to a holding period of 2 years after the end of the performance period.
A time-vested share award of 8,733 shares granted to Kris Licht on 4 November 2019 under the Reckitt Benckiser Group plc 2015 Long Term Incentive Plan vested on 20 May 2022. 4,339 shares were sold on 20 May 2022 at GBP62.137851 per Share to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting. Following this, 4,394 shares were retained.
Also, a time-vested share award of 13,300 granted to Volker Kuhn on 3 August 2020 under the Reckitt Benckiser Group plc 2015 Long Term Incentive Plan vested on 20 May 2022. 1,479 shares were sold on 20 May 2022 at GBP62.137851 per share to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting. Following this, 11,821 shares were retained.
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- -----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- -----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 5 August 2019 under the Reckitt Benckiser
Group plc 2015 Long Term Incentive Plan
----------------------- -----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 16,125
----------
----------------------- -----------------------------------------------
d) Aggregated information Aggregate Price Aggregate Aggregate
- Aggregated Volume Total
volume Nil 16,125 Nil
- Price ---------- ----------
----------------------- -----------------------------------------------
e) Date of the 2022-05-20
transaction
----------------------- -----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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) GBP62.137851 7,713
----------
----------------------- -----------------------------------------------
d) Aggregated information Aggregate Price Aggregate Aggregate
- Aggregated Volume Total
volume GBP62.137851 7,713 GBP479,269.24
- Price ---------- --------------
----------------------- -----------------------------------------------
e) Date of the 2022-05-20
transaction
----------------------- -----------------------------------------------
f) Place of the London Stock Exchange, Main Market -
transaction XLON
----------------------- -----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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) GBP62.137851 4,339
----------
----------------------- ----------------------------------------------
d) Aggregated information Aggregate Price Aggregate Aggregate
- Aggregated Volume Total
volume GBP62.137851 4,339 GBP269,616.14
- Price ---------- --------------
----------------------- ----------------------------------------------
e) Date of the 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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 13,300
----------
----------------------- ----------------------------------------------
d) Aggregated information Aggregate Price Aggregate Aggregate
- Aggregated Volume Total
volume Nil 13,300 Nil
- Price ---------- ----------
----------------------- ----------------------------------------------
e) Date of the 2022-05-20
transaction
----------------------- ----------------------------------------------
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 Ordinary shares of 10p each in Reckitt
of 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) GBP62.137851 1,479
----------
----------------------- ----------------------------------------------
d) Aggregated information Aggregate Price Aggregate Aggregate
- Aggregated Volume Total
volume GBP62.137851 1,479 GBP91,901.88
- Price ---------- -------------
----------------------- ----------------------------------------------
e) Date of the 2022-05-20
transaction
----------------------- ----------------------------------------------
f) Place of the London Stock Exchange, Main Market -
transaction XLON
----------------------- ----------------------------------------------
For further Information:
Catheryn O'Rourke
Company Secretary
Tel +44 (0)1753 217 800
Richard Joyce
Investor Relations Director
Tel +44 (0) 7408 812 062
Reckitt Benckiser Group plc's LEI code is 5493003JFSMOJG48V108
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END
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May 23, 2022 12:28 ET (16:28 GMT)
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