Share Repurchase Programme

RNS Number : 1741A

Kingfisher PLC

22 March 2017

 

22^nd March 2017

Kingfisher plc share repurchase programme

Kingfisher plc ('Kingfisher') announces that it has engaged Goldman Sachs International ('Goldman Sachs') in relation to an irrevocable, non-discretionary programme for the purchase, by Goldman Sachs, acting as principal during the period which commences today and ends no later than 27^th April 2017, of ordinary shares in the share capital of Kingfisher ('Shares') and the simultaneous on sale of such Shares by Goldman Sachs to Kingfisher for cancellation by Kingfisher (the "Programme").

The aggregate purchase price of all Shares acquired under the Programme will be no greater than £50,000,000¹. The purpose of the Programme is to reduce the share capital of Kingfisher.

Any acquisitions of Shares under the Programme will be effected in accordance with certain pre-set parameters set out in the agreement between Kingfisher and Goldman Sachs, and in accordance with Kingfisher's general authority to repurchase Shares granted by its shareholders on 15 June 2016, the EU Market Abuse Regulation (596/2014), the Commission Delegated Regulation (2016/1052) and Chapter 12 of the Financial Conduct Authority's Listing Rules. Kingfisher confirms that it currently has no unpublished price sensitive information.

These arrangements form part of Kingfisher's capital return programme announced on 25 January 2016.

^{1 The maximum number of shares to be purchased will be 228,060,245 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 15 June 2016) less any shares purchased to date under this authority.}

Enquiries:

Paul Moore, Group Company Secretary

Tel:  [phone]

Sarah Levy, Group Investor Relations Director

Tel: [phone]

 

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