Share repurchase programme

RNS Number : 7079T

Kingfisher PLC

07 October 2014

 



Kingfisher PLC

7 October 2014

KINGFISHER PLC

Irrevocable, non-discretionary share repurchase programme

Kingfisher plc ("Kingfisher") announces that it has appointed Barclays Capital Securities Limited ("Barclays") to manage part of the share repurchase programme announced by Kingfisher on 25 March 2014 on the basis of a non-discretionary programme.  Kingfisher has issued an irrevocable instruction to Barclays commencing on today's date and terminating no later than 16 January 2015 for the purchase by Kingfisher from Barclays of an amount of Kingfisher ordinary shares of no greater than £43,000,000, as determined in accordance with the agreement between Kingfisher and Barclays.

Any purchases of shares by Kingfisher from Barclays will be effected within certain pre-set parameters and in accordance with both Kingfisher's general authority to repurchase shares granted by shareholders on 12 June 2014 and Chapter 12 of the Listing Rules.  Kingfisher confirms that it currently has no unpublished price sensitive information.

Barclays and/or its affiliates may undertake transactions in Kingfisher ordinary shares (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over the counter basis) during the period of the instruction in order to manage its market exposure under the programme.  Disclosure of such transactions will not be made by Barclays as a result of or as part of the programme, but Barclays will make any disclosures it is legally required to make.

Enquiries:

David Morris

Deputy Company Secretary

Tel:  [phone]

 

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