Share Repurchase Programme

RNS Number : 6570F

Kingfisher PLC

29 July 2016

 

Friday, 29 July 2016

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Kingfisher plc closed period share repurchase programme

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Kingfisher plc (the "Company") announces that it has instructed Credit Suisse Securities (Europe) Limited in relation to an irrevocable, non-discretionary programme to purchase its shares for cancellation, during the period which commences on 1 August 2016 and ends no later than 19 September 2016 (the "Programme").

The aggregate purchase price of all shares acquired under the Programme will be no greater than £35,000,000¹. 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 in particular Article 5 thereof), the Commission Delegated Regulation (2016/1052) 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  The Company confirms that it currently has no unpublished price sensitive information.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.

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 the Company by shareholders at the Company's Annual General Meeting on 15 June 2016) less any shares purchased to date under this authority.

Enquiries:

Richard Cordeschi

Head of Secretariat

Tel: [phone]

 

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