Kingfisher PLC Share Repurchase Programme - Third Tranche (4202H)
24 Noviembre 2022 - 1:30AM
UK Regulatory
TIDMKGF
RNS Number : 4202H
Kingfisher PLC
24 November 2022
KINGFISHER PLC
Share repurchase programme - Third Tranche
24 November 2022: Kingfisher plc (the " Company " or "
Kingfisher ") announces that it has instructed BNP Paribas Exane
("BNP Paribas Exane") 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 28 April 2023 (the " Tranche "). BNP Paribas Exane 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 GBP50 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 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unpublished price sensitive information.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.
BNP Paribas Exane (or any affiliate) may undertake transactions
in Ordinary Shares (which may include sales, derivatives, and other
hedging activities, in addition to purchases) in order to manage
its risk positions arising directly or indirectly from the
Programme. Disclosure of any such transactions will not be made by
BNP Paribas Exane (or any affiliate) as a result of or as part of
the Programme, but BNP Paribas Exane (or any affiliate) will make
any disclosures they are legally required to make in relation to
such transactions.
Note 1. The maximum number of shares that the Company may
purchase would be 172,923,195 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 and taking in
to account the 31,306,331 shares purchased and cancelled during the
previous tranche completed on 29 September 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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