Kingfisher PLC — Share Issue/Capital Change 2014

Apr 28, 2014

National Storage Mechanism | Additional information

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RNS Number : 5952F

Kingfisher PLC

28 April 2014

28 April 2014

Commencement of capital returns programme

On 25 March 2014 Kingfisher plc, Europe's largest home improvement retail group, announced as part of its full year results that the Board had approved a multi-year programme of additional capital returns to shareholders, over and above the annual dividend. This programme will commence during the financial year 2014/15 starting with around £200 million, a level where flexibility is retained to continue reinvesting in the business, paying a healthy annual dividend and capitalising on value-enhancing consolidation opportunities. The timing and mechanism for this capital return will be kept under review to ensure maximum value creation for shareholders.

As part of this on-going programme, Kingfisher announces that on 25 April 2014 it purchased for cancellation 500,000 ordinary shares. The highest price paid was 414.95 pence per share and the lowest price paid was 409.90 pence per share.

Enquiries

Kathryn Hudson

Company Secretary

Tel: 020 7644 1093

Company Profile

Kingfisher plc is Europe's leading home improvement retail group and the third largest in the world, with 1,124 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also operates the Koçtaş brand, a 50% joint venture in Turkey with the Koç Group.

This information is provided by RNS

The company news service from the London Stock Exchange

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