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LONDON - Kingfisher plc (LSE:KGF) announced Monday it has instructed Goldman Sachs International to commence the third tranche of its share repurchase program, allocating up to £75 million for share buybacks.
The non-discretionary program begins immediately and will run until November 21, 2025. Goldman Sachs will act as principal for the on-sale of shares to Kingfisher and will independently determine the timing of purchases.
This represents the third portion of Kingfisher’s £300 million share repurchase commitment announced on March 25, 2025. The company intends to cancel all repurchased shares to reduce its share capital.
To date, Kingfisher has repurchased and cancelled 36,051,177 shares under the program. The maximum number of shares that may be purchased in this tranche is 160,199,017 ordinary shares, in accordance with shareholder authorization granted at the Annual General Meeting on June 23, 2025.
The buybacks will be conducted within pre-set parameters and in compliance with the company’s general repurchase authority, UK Market Abuse Regulation, and UK Listing Rules. Kingfisher confirmed it currently has no unpublished price-sensitive information.
The company specified that no repurchases will be made regarding its American Depositary Receipts.
The announcement was made via a regulatory news service filing to the London Stock Exchange.
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