Kingfisher (GB:KGF) has released an update.
Kingfisher plc has recently bought back 241,927 of its ordinary shares from Goldman Sachs International as part of its ongoing £300 million share repurchase program. This move is part of Kingfisher’s strategy to enhance shareholder value by reducing the number of shares outstanding, which can potentially boost earnings per share. With the purchase conducted at a volume-weighted average price of £3.1317 per share, the company continues to execute its buyback plan effectively.
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