Kingfisher (GB:KGF) has released an update.
Kingfisher PLC has announced the purchase and cancellation of 5,000 ordinary shares at an average price of £2.7557 each, as part of its ongoing £300 million share repurchase programme. This recent acquisition from Goldman Sachs International marks a continued effort by Kingfisher to execute its programme, having already bought back over 59 million shares in previous tranches. The move is part of the company’s strategy to enhance shareholder value through capital return initiatives.
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