Kingfisher completes £50m share repurchase

Kingfisher

290.90p

15:45 15/11/24

0.41%

1.20p

Kingfisher confirmed on Wednesday that its programme to purchase Kingfisher shares for cancellation, which it announced on 24 May, has now completed.

FTSE 100

8,060.61

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

General Retailers

4,597.92

15:44 15/11/24

-0.15%

-7.02

The FTSE 100 company said Barclays Capital Securities, which undertook the programme on Kingfisher's behalf, purchased 16,546,878 shares for a total consideration of £50m.

“As a result, Kingfisher has now returned £550m out of the £600m capital return programme announced at the Capital Markets Day in January 2016,” the board said in its short statement.