Kingfisher PLC Share Repurchase Programme (4757N)
01 Junio 2022 - 1:01AM
UK Regulatory
TIDMKGF
RNS Number : 4757N
Kingfisher PLC
01 June 2022
Kingfisher plc
Share Repurchase Programme - First Tranche
01 June 2022: 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 27 July 2022 (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 GBP 75 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
first 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unpublished price sensitive information.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 113,029,542 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 98,093,701 shares purchased and cancelled during the
GBP300 million share repurchase programme announced on 21 September
2021 and completed on 28 April 2022.
Contacts Tel: Email:
Company Secretary +44 (0) 7768 806248 secretariat@kingfisher.com
Investor Relations +44 (0) 20 7644 investorenquiries@kingfisher.com
1082
Treasury +44 (0) 20 7644 treasury@kingfisher.com
1170
LEI: 213800KBMEV7I92FY281
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END
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June 01, 2022 02:01 ET (06:01 GMT)
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