Kingfisher announces share repurchase programme

Kingfisher plc (the "Company") announces that it has instructed Barclays Capital Securities Limited in relation to an irrevocable non-discretionary programme to purchase its shares for cancellation, during the period which commences on 11 October 2016 and ends no later than 23 December 2016 (the "Programme").

The maximum amount allocated to the Programme will be no greater than £40,000,000¹. 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 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  The Company confirms that it currently has no unpublished price sensitive information.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 under the Programme 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.

Image: Brendan Howard / Shutterstock.com

Source : Kingfisher
www.kingfisher.com

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