Kingfisher ( (GB:KGF) ) has provided an update.
Kingfisher PLC has initiated a share repurchase program, instructing Goldman Sachs International to purchase up to £50 million worth of its shares for cancellation by June 23, 2025. This move is part of a larger £300 million buyback plan aimed at reducing the company’s share capital, enhancing shareholder value, and aligning with regulatory requirements, without affecting its American Depositary Receipts.
More about Kingfisher
YTD Price Performance: 1.77%
Average Trading Volume: 6,387,984
Technical Sentiment Signal: Sell
Current Market Cap: £4.49B
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