Kingfisher PLC Share repurchase programme -- Second Tranche (9930T)
28 Luglio 2022 - 8:00AM
UK Regulatory
TIDMKGF
RNS Number : 9930T
Kingfisher PLC
28 July 2022
KINGFISHER PLC
Share repurchase programme - Second Tranche
28 July 2022: Kingfisher plc (the " Company " or " Kingfisher ")
announces that it has instructed Credit Suisse International (" CSI
") in relation to an irrevocable non-discretionary programme to
purchase its shares for cancellation, during the period which
commences today and ends no later than 14 October 2022 (the "
Tranche "). CSI will act as 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 GBP75 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
GBP300 million of its shares for cancellation, as announced on 23
May 2022 (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unpublished price sensitive information.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 204,229,526 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 22 June 2022.
Contacts Tel: Email:
Company Secretary +44 (0) 77 6880 secretariat@kingfisher.com
6248
Investor Relations +44 (0) 20 7644 investorenquiries@kingfisher.com
1082
Treasury +44 (0) 20 7644 treasury@kingfisher.com
1170
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