Kingfisher plc (GB:KGF) has released an update.
Kingfisher plc has actively pursued its share repurchase programme, acquiring 200,000 shares for cancellation at an average price of £2.4626 each on April 18, 2024, reflecting a continued investment in its own equity. This latest transaction is part of a larger £300 million buyback initiative, with a cumulative total of 2,976,567 shares bought from Goldman Sachs International, following a prior acquisition of 22,781,508 shares from BNP Paribas Financial Markets. These efforts highlight Kingfisher’s strategy to enhance shareholder value through capital return activities.
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