REG - Kingfisher PLC - Share Repurchase Programme - Fourth Tranche

KingfisherAnnouncement

28/11/2025 07:30

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RNS Number : 3385J  Kingfisher PLC  28 November 2025

KINGFISHER PLC

Share repurchase programme - Fourth Tranche

 

28 November 2025: Kingfisher plc (the "Company" or "Kingfisher") announces
that it has instructed Morgan Stanley & Co. International Plc ("Morgan
Stanley") in relation to a non-discretionary programme to purchase its shares
for cancellation, during the period which commences today and ends no later
than 21 January 2026 (the "Tranche"). Morgan Stanley will act as riskless
principal for the simultaneous 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 25 March 2025 (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no unpublished price sensitive information.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
135,485,029 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 42,832,294 shares cancelled
following purchases since this date.

 

To date, the Company has repurchased and cancelled 60,765,165 shares under the
Programme.

 

 

 Contacts                   Tel:                  Email:
 Group Company Secretariat  +44 (0) 20 7372 8008  secretariat@kingfisher.com (mailto:secretariat@kingfisher.com)
 Investor Relations         +44 (0) 20 7644 1082  investorenquiries@kingfisher.com (mailto:investorenquiries@kingfisher.com)
 Treasury                   +44 (0) 20 7372 8008  treasury@kingfisher.com (mailto:treasury@kingfisher.com)

 

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