REG - Kingfisher PLC - Share Repurchase Programme - Fourth Tranche

KingfisherAnnouncement

23/09/2024 07:30

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RNS Number : 1302F  Kingfisher PLC  23 September 2024

KINGFISHER PLC

Share repurchase programme - Fourth Tranche

23 September 2024: 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 22 November 2024
(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 fourth 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 61,338,316 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 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no unpublished price sensitive information.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
168,776,427 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 purchased and
cancelled during the third tranche of the Programme.

 

 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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