Kingfisher plc (GB:KGF) has released an update.
Kingfisher plc, a prominent home improvement company, continues to progress with its £300 million share repurchase program, having recently cancelled an additional 200,000 shares acquired via Goldman Sachs International. This recent transaction forms part of the second tranche of the buyback initiative, which has seen Kingfisher cancel nearly 4.77 million shares to date. The company’s ongoing commitment to shareholder value is exemplified through these strategic share repurchases amidst fluctuating market conditions.
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