REG - Kingfisher PLC - Share Repurchase Programme - Fifth Tranche

KingfisherAnnouncement

17/01/2025 07:30

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RNS Number : 7506T  Kingfisher PLC  17 January 2025

 

KINGFISHER PLC

Share Repurchase Programme - Fifth and Final Tranche

17 January 2025: Kingfisher plc (the "Company" or "Kingfisher") announces that
it has instructed Goldman Sachs International ("GSI") in relation to a
non-discretionary programme to purchase its shares for cancellation, during
the period which will commence today and end no later than 24 March 2025 (the
"Tranche"). GSI will act as principal for the on-sale of such shares to the
Company, and will make its trading decisions concerning the timing of the
purchases of the Company's ordinary shares independently of the Company.

The maximum amount allocated to the Tranche (excluding expenses) will be no
greater than £75 million (Note 1). The purpose of the Tranche is to reduce
the share capital of the Company. As such, the Company will cancel any
ordinary shares purchased. This is the fifth and final tranche of an overall
commitment by the Company to purchase £300 million of its shares for
cancellation, as announced on 19 September 2023 (the "Programme"). To date,
the Company has repurchased and cancelled 85,315,628 shares under the
Programme.

Any acquisitions under the Programme will be carried out within certain
pre-set parameters, and in accordance with the Company's general authority to
repurchase shares, the EU Market Abuse Regulation (596/2014) as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and
Chapter 9 of the Listing Rules. The Company confirms that it currently has no
unpublished price sensitive information.

For the avoidance of doubt, no repurchases will be made in respect of the
Company's American Depositary Receipts.

Note 1. The maximum number of shares that the Company may purchase would be
144,799,115 ordinary shares of 15 5/7 pence each, in line with the authority
granted to Kingfisher by shareholders at the Company's Annual General Meeting
on 20 June 2024 and taking into account the 18,612,440 shares and 23,977,312
shares purchased and cancelled during the third and fourth tranches of the
Programme, respectively.

 

 

 Contacts            Tel:                  Email:
 Company Secretary   +44 (0) 77 6880 6248  secretariat@kingfisher.com
 Investor Relations  +44 (0) 20 7644 1082  investorenquiries@kingfisher.com
 Treasury            +44 (0) 20 7372 8008  treasury@kingfisher.com

 

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