Kingfisher (GB:KGF) has released an update.
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Kingfisher PLC has announced the purchase of 109,201 shares at an average price of £2.8015 each on September 12, 2024, as part of its ongoing £300 million share repurchase initiative. This latest transaction is a continuation of Kingfisher’s share buyback plan, which has seen the company cancel over 61 million shares in total, indicating a significant return of value to shareholders. The stock repurchase signifies Kingfisher’s confidence in its financial stability and commitment to shareholder value.
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