Kingfisher PLC Advances Share Buyback Plan

Kingfisher (GB:KGF) has released an update.

Kingfisher PLC has continued its £300 million share repurchase program by buying back 1,829,538 shares on July 8, 2024, for cancellation, at prices ranging from £2.5860 to £2.6000 per share. This latest purchase is part of the third tranche of their repurchase initiative, with the company having previously acquired over 42 million shares in the first two tranches. These transactions, conducted via Goldman Sachs International, are in line with Kingfisher’s strategy to enhance shareholder value.

For further insights into GB:KGF stock, check out TipRanks’ Stock Analysis page.