Share repurchase programme – Second Tranche
Summary by AI BETAClose X
KINGFISHER PLC
Share repurchase programme - Second Tranche
Kingfisher plc (the "Company") 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 15 September 2026 (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. Following the completion of the first tranche of £75 million as announced on 18 June 2026, this is the second tranche of an overall commitment by the Company to purchase £300 million of its shares for cancellation, as announced on 24 March 2026 (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 Market Abuse Regulation (596/2014) (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended)) 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 The Company confirms that it currently has no unpublished price sensitive information.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 169,003,381 ordinary shares of 15 5/7 pence each, in line with the authority granted to the Company by shareholders at the Company's Annual General Meeting on 26 June 2026.
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Contacts |
Tel: |
Email: |
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Group Company Secretariat |
+44 (0) 20 7372 8008 |
secretariat@kingfisher.com |
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Investor Relations |
+44 (0) 20 7644 1082 |
investorenquiries@kingfisher.com |
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Treasury |
+44 (0) 20 7372 8008 |
treasury@kingfisher.com |
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