Share Repurchase Programme

RNS Number : 2755R

Kingfisher PLC

10 September 2014

 



10 September 2014

Kingfisher plc share repurchase programme

Kingfisher plc (the 'Company') announces it has appointed Exane BNP Paribas to purchase shares in the Company with a value of up to £25 million on the Company's behalf for cancellation on the basis of an irrevocable, non-discretionary programme.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares 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  The Company confirms that it currently has no unpublished price sensitive information.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 share buy-back programme announced on 25 March 2014 and are in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 12 June 2014.  The arrangements will terminate on the earlier of the completion of the purchase of shares with a value of £25 million or the Company's Annual General Meeting in 2015, whichever is sooner.

Kathryn Hudson

Company Secretary

Company Profile

Kingfisher plc is Europe's leading home improvement retail group and the third largest in the world, with 1,124 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also operates the Koçtaş brand, a 50% joint venture in Turkey with the Koç Group.

 

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