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UK's Kingfisher buys back shares


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UK's Kingfisher buys back shares

U.K.-based retailer Kingfisher PLC on Dec. 13 repurchased 1,671,716 of its ordinary shares at an average price of 228.6 pence apiece.

The purchase, worth £3.8 million, is part of the home improvement retailer's £50 million share buyback program that the company announced in November.

Kingfisher on Dec. 10 bought back 2,000,000 of its common shares at an average price of 233.42 pence each.

All shares were bought from Goldman Sachs International as an on-exchange transaction subject to the rules of the London Stock Exchange.