Reckitt Benckiser director sells £13.3m of shares

The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm.

Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107.

Towards the end of October the firm, which makes a number well-known products including Cillit Bang, Clearasil and Strepsils, announced that it expected slower growth in its pharmaceuticals division during the fourth quarter.

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The company's chief executive admitted that year-on-year growth is likely to slow as the firm nears the anniversary of the SSL International acquisition (bought in November 2010) and the buy-back of distribution rights in the European and 'Rest of World' Reckitt Benckiser Pharmaceuticals business (RBP).

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Associated British Foods (ABF)

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Director name: Mr Peter Harf

Amount sold: 416,000 @ 3,208.92p

Value: £13,349,107

Halfords Group (HFD)

Director name: Mr Paul McClenaghan

Amount sold: 30,000 @ 340.75p

Value: £102,225

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