Kingfisher Advances Share Buyback Program

Kingfisher (GB:KGF) has released an update.

Kingfisher PLC has recently bought back 50,000 of its own shares for cancellation as part of an ongoing £300 million share repurchase program. The transactions occurred on the London Stock Exchange with a volume-weighted average price of £2.6644 per share, signaling the company’s continued effort to return value to shareholders. To date, this marks a substantial buyback with Kingfisher having canceled over 58 million shares through the program’s multiple tranches.

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