Kingfisher (GB:KGF) has released an update.
Kingfisher PLC continues its share repurchase program, announcing the cancellation of 25,000 shares bought from Goldman Sachs International at an average price of £2.7402 per share. This latest transaction is part of Kingfisher’s £300 million share buyback initiative unveiled last September, contributing to the total of over 58 million shares already repurchased for cancellation. The move represents Kingfisher’s ongoing commitment to enhancing shareholder value and capital efficiency.
For further insights into GB:KGF stock, check out TipRanks’ Stock Analysis page.