Kingfisher plc (GB:KGF) has released an update.
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Kingfisher plc has actively continued its £300 million share repurchase programme, confirming the buyback of 200,000 shares on May 8, 2024, from Goldman Sachs International. With this latest transaction, the company has now cumulatively reacquired over 5.5 million shares for cancellation under the second tranche of the programme, building upon the 22.8 million shares previously bought back from BNP Paribas Financial Markets. The share buyback initiative reflects Kingfisher’s commitment to returning value to shareholders and managing its capital structure efficiently.
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