Kingfisher PLC Share repurchase programme -- Third Tranche
RNS Number : 4482Z
25 January 2022
Share repurchase programme - Third Tranche
25 January 2022: Kingfisher plc (the " Company " or " Kingfisher
") announces that it has instructed Barclays Capital Securities
Limited (" Barclays ") 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 21 March 2022 (the "
Tranche "). Barclays 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 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
third tranche of an overall commitment by the Company to purchase
GBP300 million of its shares for cancellation, as announced on 21
September 2021 (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unpublished price sensitive information.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 166,127,355 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 30 June 2021 and taking in
to account the 44,995,888 shares purchased and cancelled during the
first and second tranches completed on 22 November 2021 and 21
January 2022, respectively.
Contacts Tel: Email:
Company Secretary +44(0) 77 6880 6248 firstname.lastname@example.org
Investor Relations +44 (0) 20 7644 email@example.com
Treasury +44 (0) 20 7644 firstname.lastname@example.org
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(END) Dow Jones Newswires
January 25, 2022 02:00 ET (07:00 GMT)
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