Share Repurchase Programme

RNS Number : 6371D

Kingfisher PLC

30 January 2015

 



30 January 2015

KINGFISHER plc

Kingfisher plc share repurchase programme

Kingfisher plc ("Kingfisher") announces that it has engaged Deutsche Bank AG, acting through its London branch ("Deutsche Bank") in relation to an irrevocable, non-discretionary share repurchase programme.

Kingfisher has irrevocably instructed Deutsche Bank (a) to purchase, acting as riskless principal, during the period commencing on and including today's date and ending on and including 30 April 2015, ordinary shares in the share capital of Kingfisher ("Shares") for an aggregate consideration no greater than £50,000,000, and (b) to on-sell immediately such Shares from time to time, acting as riskless principal, to Kingfisher for cancellation by Kingfisher, subject to the terms and upon the conditions of the engagement letter entered into between Kingfisher and Deutsche Bank.

Any such purchase of Shares by Deutsche Bank and the immediate on-sale of such Shares by Deutsche Bank to Kingfisher will be effected in accordance with certain parameters agreed between Kingfisher and Deutsche Bank, and in accordance with both Kingfisher's general authority to repurchase Shares granted by its shareholders on 12 June 2014 and chapter 12 of the Listing Rules.  Kingfisher confirms that it currently has no unpublished price sensitive information.

Enquiries:

David Morris

Deputy Company Secretary

Tel:  [phone]

 

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