Kingfisher Advances £300 Million Share Buyback Plan

Kingfisher (GB:KGF) has released an update.

Kingfisher PLC has repurchased over 21 million shares as part of its ongoing £300 million share buyback program, with the latest purchase involving over 1.1 million shares at an average price of £3.1004. This strategic move is part of Kingfisher’s effort to enhance shareholder value by reducing the number of outstanding shares. The buyback is executed under the rules of the London Stock Exchange and involves transactions with Goldman Sachs International.

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