Kingfisher PLC Share Repurchase Programme (7906L)
July 21 2017 - 10:45AM
UK Regulatory
TIDMKGF
RNS Number : 7906L
Kingfisher PLC
21 July 2017
Kingfisher PLC
ISIN: GB0033195214
21 July 2017
Kingfisher plc
Share Repurchase Programme
Kingfisher plc (the "Company") announces that it has instructed
Barclays Capital Securities Limited ("Barclays") in relation to an
irrevocable non-discretionary programme to purchase its shares for
cancellation, during the period which commences on 24 July 2017 and
ends no later than 15 September 2017 (the "Programme"). Barclays
will act as principal 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 Programme will be no greater
than GBP60,000,000 (Note 1). The purpose of the Programme is to
reduce the share capital of the Company.
Any acquisitions under the Programme will be effected within
certain pre-set parameters, and in accordance with the Company's
general authority to repurchase shares, the EU Market Abuse
Regulation (596/2014) and Chapter 12 of the Listing Rules. The
Company confirms that it currently has no unpublished price
sensitive information.
These arrangements form part of the Company's capital return
programme announced on 25 January 2016.
Note 1. The maximum number of shares to be purchased will be
223,125,112 shares (being the maximum number of ordinary shares of
15 5/7 pence each that may be purchased under the authority granted
to Kingfisher by shareholders at Kingfisher's Annual General
Meeting on 13 June 2017), less any shares purchased to date under
this authority.
Enquiries:
Paul Moore, Group Company Secretary
Tel: +44 (0) 207 644 1041
Sarah Levy, Group Investor Relations Director
Tel: +44 (0) 207 644 1082
This information is provided by RNS
The company news service from the London Stock Exchange
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