REG - Kingfisher PLC - Share Repurchase Programme – First Tranche

KingfisherAnnouncement

Yesterday 07:30

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RNS Number : 8854Z  Kingfisher PLC  10 April 2026

KINGFISHER PLC

Share repurchase programme - First Tranche

Kingfisher plc (the "Company" or "Kingfisher") announces that it has
instructed BNP Paribas SA ("BNPP") 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 30 June 2026 (the "Tranche"). BNPP
will act as riskless 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 first tranche of an overall commitment
by the Company to purchase £300 million of its shares for cancellation, as
announced on 24 March 2026 (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 UK 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no unpublished price sensitive information.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
97,886,483 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 23 June 2025 and taking into account the 80,430,840 shares cancelled
following purchases since this date.

 

 Contacts                   Tel:                  Email:
 Group Company Secretariat  +44 (0) 20 7372 8008  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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