REG - Kingfisher PLC - Share Repurchase Programme - Second Tranche

KingfisherAnnouncement

Tue 07:30

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RNS Number : 0589O  Kingfisher PLC  24 June 2025

KINGFISHER PLC

Share repurchase programme - Second Tranche

24 June 2025: 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 22 September 2025 (the "Tranche").
BNPP 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 second 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no unpublished price sensitive information.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
178,317,323 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.

 

To date, the Company has repurchased and cancelled 17,932,871 shares under 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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