REG - Kingfisher PLC - Share repurchase programme – Fourth Tranche

KingfisherAnnouncement

23/03/2022 07:00

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RNS Number : 6752F  Kingfisher PLC  23 March 2022

KINGFISHER PLC

Share repurchase programme - Fourth Tranche

 

23 March 2022: Kingfisher plc (the "Company" or "Kingfisher") announces that
it has instructed Goldman Sachs International ("Goldman Sachs") 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 27 May 2022
(the "Tranche"). Goldman Sachs 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 fourth tranche of an overall commitment
by the Company to purchase £300 million of its shares for cancellation, as
announced on 21 September 2021 (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 12 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unpublished price sensitive information.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
141,911,376 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 30 June 2021 and taking in to account the 69,211,867 shares purchased and
cancelled during the first, second and third tranches completed on 22 November
2021, 21 January 2022, and 4 March 2022 respectively.

 

 Contacts            Tel:                  Email:
 Company Secretary   +44 (0) 7768 806248   secretariat@kingfisher.com
 Investor Relations  +44 (0) 20 7644 1082  investorenquiries@kingfisher.com
 Treasury            +44 (0) 20 7644 1170  treasury@kingfisher.com

 

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