Kingfisher (GB:KGF) has released an update.
Kingfisher PLC has continued its share buyback initiative, acquiring nearly 2 million shares at an average price of £3.1108 each as part of its £300 million repurchase program. This recent purchase contributes to the company’s ongoing strategy to reduce share capital and enhance shareholder value. Such large-scale buybacks could potentially influence the market perception and valuation of Kingfisher’s stock.
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