Kingfisher PLC Share Repurchase Programme - Second Tranche
27 Marzo 2024 - 8:30AM
RNS Regulatory News
RNS Number : 4176I
Kingfisher PLC
27 March 2024
KINGFISHER PLC
Share Repurchase Programme - Second Tranche
27
March 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 14 June 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
second 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it currently has no unpublished price sensitive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 150,001,924 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 27 June 2023 and taking into account the 21,143,586 shares
purchased and cancelled during the fifth and final tranche of the
previous £300 million share repurchase programme (announced on 7
July 2023) and the 22,781,508 shares purchased and cancelled during
the first tranche of the current £300m share repurchase programme
(announced on 3 October 2023).
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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Grafico Azioni Kingfisher (LSE:KGF)
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