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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-11.00 | -0.24% | 4,589.00 | 4,587.00 | 4,588.00 | 4,607.00 | 4,558.00 | 4,595.00 | 1,551,408 | 15:11:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Soap And Other Detergents | 14.61B | 1.64B | 2.3088 | 19.86 | 32.64B |
TIDMRKT
RNS Number : 6216Y
Reckitt Benckiser Group PLC
07 September 2022
7 September 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 6 September 2022, the grant of performance share options and performance share awards ("2022 LTIP award") was made under the LTIP to the Director/PDMR listed below:
Director/PDMR Number of Number of performance Name performance shares share options Nicandro Durante Director and PDMR 150,000 75,000 ------------------ --------------- ----------------------
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% (100% vesting) 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 GBP64.77 per share. No consideration was paid for the grant of these awards.
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 Nicandro Durante ---------------------- ----------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status Chief Executive Officer Designate ---------------------- ----------------------------------------------- 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, GB00B24CGK77 - ID code for ordinary shares type of instrument 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 Aggregate Aggregate Aggregate information Price Volume Total - Aggregated Nil 150,000 Nil volume - Price ---------- ---------- ---------------------- ----------------------------------------------- e) Date of the 2022-09-06 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, GB00B24CGK77 - ID code for ordinary shares type of instrument 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 Aggregate Aggregate Aggregate information Price Volume Total - Aggregated Nil 75,000 Nil volume ---------- ---------- - Price ---------------------- ----------------------------------------------- e) Date of the 2022-09-06 transaction ---------------------- ----------------------------------------------- f) Place of the Outside a trading venue transaction ---------------------- -----------------------------------------------
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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September 07, 2022 07:00 ET (11:00 GMT)
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