Last checked at 30 Jun 2017 13:35
Friday, 30 June 2017
Kingfisher plc
Share Repurchase Programme
Kingfisher plc ('Kingfisher') announces that it has engaged Credit Suisse Securities (Europe) Limited ('Credit Suisse') in relation to an irrevocable, non-discretionary programme for the purchase of ordinary shares in the share capital of Kingfisher ('Shares'), and the simultaneous sale of such Shares by Credit Suisse to Kingfisher for cancellation by Kingfisher, during the period which commences on 3 July 2017 and ends no later than 21 July 2017 (the 'Programme').
The aggregate purchase price of all Shares acquired under the Programme will be no greater than £40,000,0001. 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 Credit Suisse, and in accordance with Kingfisher's general authority to repurchase Shares granted by its shareholders on 13 June 2017, 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 Kingfisher confirms that it currently has no unpublished price sensitive information.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 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