REG - Reckitt Benckiser Gp - Completion of Divestment

Reckitt BenckiserAnnouncement

31/12/2025 10:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251231:nRSe3105Na&default-theme=true

RNS Number : 3105N  Reckitt Benckiser Group PLC  31 December 2025

31 December 2025

RECKITT COMPLETES DIVESTMENT OF ESSENTIAL HOME

 

(London, UK, 31 December 2025): Following the announcement on 18 July 2025,
Reckitt Benckiser Group plc ("Reckitt") is pleased to announce that it
completed the divestment of its Essential Home business to Advent
International, L.P. ("Advent") on 31 December 2025. Reckitt retains an
interest in Essential Home through a 30% equity stake in Advent's acquisition
vehicle.

 

As previously communicated and subject to shareholder approval, Reckitt
expects to return excess capital from the divestment to shareholders. A
circular and notice of general meeting setting out details of the proposed
c.US$2.2 billion special dividend and associated share consolidation is
expected to be issued on or around 7 January 2026. This return is in addition
to Reckitt's ongoing share buyback programme and ordinary dividend policy.

 

Commenting on the divestment, Kris Licht, Reckitt Chief Executive Officer
said:  

"The completion of the divestment of Essential Home is a major step forward in
our strategy, moving Reckitt towards becoming a simpler, more effective
world-class consumer health and hygiene company focused on a core portfolio of
high-growth, high-margin Powerbrands. I want to thank all our Essential Home
colleagues for their contributions to Reckitt and wish them well for the
future."  

 

Notes:

Essential Home will be excluded from Reckitt's Like-for-Like Net Revenue
growth percentages for FY 2025 financial reporting, in line with the Group's
published Alternative Performance Measure (APM) polices for disposals
completed during the year.

 

 

Enquiries:

Investors and Analysts:

Nick
Ashworth
                                +44 (0)7408
812350

Jon Bone
 
                                +44 (0)7408
811493

 

Media:

Anna Davies, Corporate Affairs
                                      +44 (0)7408 861689

Charlie Armitstead, FTI Consulting
                                  +44 (0)7703 330269

 

About Reckitt:

 

We make the products people trust to care for the ones they love. We are home
to some of the world's best-loved consumer health and hygiene brands,
including Dettol, Durex, Finish, Gaviscon, Harpic, Lysol, Mucinex, Nurofen,
Strepsils, Vanish and Veet. Consumers are at the heart of everything we do. By
creating innovative, science-backed solutions, we support people every day to
live healthier lives.

 

Reckitt exists to protect, heal and nurture in the pursuit of a cleaner,
healthier world. This commitment goes beyond the products we make. Through our
actions, we expand access to healthcare, education and economic opportunities.
We support the planet by reducing waste, conserving resources and driving
sustainable innovation.

 

We believe good health starts at home. With every action we take, we strive to
make our consumers' lives easier, cleaner and healthier, to strengthen
communities and to create a more sustainable future.

 

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

 

Cautionary note concerning forward-looking statements

This announcement contains statements which are, or may be deemed to be,
"forward looking statements" which are prospective in nature. All statements
other than statements of historical fact are forward‐looking statements.

By their nature, forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that will occur in
the future. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by these
forward-looking statements, including many factors outside Reckitt's control.

These forward-looking statements speak only as of the date of this
announcement. Except as required by any applicable law or regulation, Reckitt
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in Reckitt's expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement is based.

LEI: 5493003JFSMOJG48V108

This information is provided by RNS, 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISBFLFXELLFFBZ



            Copyright 2019 Regulatory News Service, all rights reserved