REG - Kingfisher PLC - Share Repurchase Programme - Fourth Tranche

KingfisherAnnouncement

03/05/2023 07:30

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RNS Number : 1898Y  Kingfisher PLC  03 May 2023

KINGFISHER PLC

Share Repurchase Programme - Fourth Tranche

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 30 June 2023 (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 £50 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 23 May 2022 (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unpublished price sensitive information.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
152,308,347 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 22 June 2022 and taking in to account the 51,921,179 shares purchased and
cancelled during the previous two tranches of the £300 million share
repurchase programme (announced respectively on 28 July 2022 and 24 November
2022).

 

 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) 79 7767 8200  treasury@kingfisher.com

 

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