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LONDON - Kingfisher plc (LON:KGF) announced Friday it has instructed Morgan Stanley to execute the fourth tranche of its share repurchase program, allocating up to £50 million to buy back shares for cancellation between November 28, 2025, and January 21, 2026.
This represents the final portion of the £300 million share buyback program that was initially announced on March 25, 2025. To date, Kingfisher has repurchased and cancelled 60,765,165 shares under the program.
Morgan Stanley will make independent trading decisions regarding the timing of share purchases, acting as riskless principal for the simultaneous on-sale of shares to Kingfisher. The company stated that all repurchased shares will be cancelled, with the explicit purpose of reducing its share capital.
The maximum number of shares that could be purchased under this tranche would be 135,485,029 ordinary shares, in accordance with the authority granted by shareholders at Kingfisher’s Annual General Meeting on June 23, 2025, and accounting for the 42,832,294 shares already cancelled following previous purchases.
All acquisitions will be conducted within pre-set parameters and in compliance with Kingfisher’s general share repurchase authority, UK Market Abuse Regulation, and Chapter 9 of the UK Listing Rules. The company confirmed it currently has no unpublished price-sensitive information.
The announcement specified that no repurchases will be made regarding Kingfisher’s American Depositary Receipts.
According to the press release statement, the buyback program is being executed as part of the company’s capital allocation strategy.
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