30th Jan 2015 15:20
LONDON (Alliance News) - Kingfisher PLC Friday said it has asked Deutsche Bank AG to begin its latest share buyback programme of no more than GBP50.0 million.
According to Kingfisher, shares will be bought by Deutsche Bank's London branch and sold to Kingfisher for cancellation.
Last year Kingfisher announced a multi-year capital return programme to shareholders. At the end of November the group has returned GBP180 million to shareholders; GBP100 million as a special dividend and GBP80 million via a share buyback.
Kingfisher also said that it currently has no unpublished price sensitive information.
Kingfisher shares were down 0.6% at 344.80 pence on Friday.
By Samuel Agini; [email protected]; @samuelagini
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