REG - Kingfisher PLC - Share Repurchase Programme - Third Tranche

KingfisherAnnouncement

01/07/2024 07:30

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RNS Number : 4374U  Kingfisher PLC  01 July 2024

KINGFISHER PLC

Share Repurchase Programme -Third Tranche

1 July 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 16 September 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 £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 third 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").

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unpublished price sensitive information.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
187,388,867 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.

To date, the Company has repurchased and cancelled 42,725,876 shares under the
Programme.

 

 Contacts            Tel:                  Email:
 Company Secretary   +44 (0) 7768 806 248  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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