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Kingfisher PLC (KGF.L)

KGF.L on London Stock Exchange

221.30GBp
18 Jul 2019
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8,184,434
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319.70
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198.45

Latest Key Developments (Source: Significant Developments)

Kingfisher Updates On 2019 Value Incentive Targets
Friday, 31 May 2019 09:00am EDT 

May 31 (Reuters) - Kingfisher PLC ::2019 DELIVERING VALUE INCENTIVE TARGETS.DETAILS OF TARGETS AND VESTING SCHEDULE IN RESPECT OF 2019 DELIVERING VALUE INCENTIVE (DVI).DIRECTORS' REMUNERATION REPORT AND POLICY, INCLUDING THESE TARGETS AND VESTING SCHEDULE, WILL BE VOTED ON BY SHAREHOLDERS AT 2019 AGM.AWARDS UNDER PLAN WILL BE GRANTED TO GROUP EXECUTIVE MEMBERS IN JULY 2019.TARGET AWARDS UNDER POLICY CAN BE MADE UP TO LEVEL OF 220% FOR CEO AND 200% FOR CFO.DELIVERING VALUE INCENTIVE IS A ONE-OFF FIVE-YEAR LONG-TERM INCENTIVE AWARD.DVI CONSOLIDATES THREE STANDARD ANNUAL LTIPS INTO ONE AWARD.DVI TARGET GRANT SIZE AVAILABLE FOR CEO WILL BE SINGLE GRANT OF 190% OF SALARY AT TARGET OVER THREE-YEAR POLICY PERIOD.CURRENT CEO WILL NOT PARTICIPATE IN 2019 DELIVERING VALUE INCENTIVE.DVI TARGET GRANT SIZE AVAILABLE FOR CFO WILL BE SINGLE GRANT OF 170% OF SALARY AT TARGET OVER THREE-YEAR POLICY PERIOD.INTERIM CFO WILL ALSO NOT PARTICIPATE IN 2019 DELIVERING VALUE INCENTIVE.ONLY ONE AWARD WILL BE MADE DURING THREE-YEAR POLICY PERIOD, AND NEXT AWARD WILL NOT BE GRANTED UNTIL 2022/23..REMUNERATION COMMITTEE DETERMINED TO LIMIT GRANT SIZE OF 2019 DVI AVAILABLE TO ANY NEWLY RECRUITED EXECUTIVE DIRECTOR.TOGETHER WITH ANNUAL BONUS AND ALIGNMENT SHARE AWARDS TOTAL MAXIMUM INCENTIVES ON ANNUALISED BASIS WILL BE 413% OF SALARY FOR CEO.TOGETHER WITH ANNUAL BONUS AND ALIGNMENT SHARE AWARDS TOTAL MAXIMUM INCENTIVES ON ANNUALISED BASIS WILL BE 387% OF SALARY FOR CFO.  Full Article

Kingfisher chairman says board fully behind strategy
Tuesday, 19 Mar 2019 02:13pm EDT 

March 20 (Reuters) - Kingfisher ::CHAIRMAN SAYS CEO LAURY WAS UNABLE TO MAKE "MULTI-YEAR COMMITMENT TO BUSINESS".CHAIRMAN SAYS BOARD FULLY BEHIND STRATEGY.FD SAYS UK CONSUMER CONFIDENCE "RELATIVELY WEAK".  Full Article

Compass Group Appoints Karen Witts As Chief Financial Officer
Thursday, 11 Oct 2018 11:00am EDT 

Oct 11 (Reuters) - Compass Group PLC ::ANNOUNCES APPOINTMENT OF KAREN WITTS TO ITS BOARD AS CHIEF FINANCIAL OFFICER.KAREN JOINS COMPASS FROM KINGFISHER PLC WHERE SHE HAS BEEN GROUP CHIEF FINANCIAL OFFICER AND A MEMBER OF BOARD OF DIRECTORS SINCE 2012.  Full Article

Kingfisher announces share repurchase programme
Thursday, 24 May 2018 02:02am EDT 

May 24 (Reuters) - Kingfisher PLC ::SHARE REPURCHASE PROGRAMME.KINGFISHER - INSTRUCTED BARCLAYS IN RELATION TO IRREVOCABLE NON- DISCRETIONARY PROGRAMME TO PURCHASE SHARES FOR CANCELLATION, DURING 24 MAY TO 27 JULY.BARCLAYS WILL ACT AS PRINCIPAL FOR SIMULTANEOUS ON-SALE OF SUCH SHARES TO COMPANY.MAXIMUM AMOUNT ALLOCATED TO PROGRAMME WILL BE NO GREATER THAN £50 MILLION.PURPOSE OF REPURCHASE PROGRAMME IS TO REDUCE SHARE CAPITAL OF COMPANY.  Full Article

Kingfisher shares down 5.9 pct after says UK market outlook "more uncertain"
Wednesday, 21 Mar 2018 04:00am EDT 

March 21 (Reuters) - Kingfisher ::CEO ON UK MARKET - "OVERALL CONFIDENCE IS NOT GREAT RIGHT NOW".SHARES DOWN 5.9 PERCENT AFTER SAYS UK MARKET OUTLOOK "MORE UNCERTAIN".  Full Article

Kingfisher Says Completes Acquisition Of Praktiker Romania​
Friday, 1 Dec 2017 05:00am EST 

Dec 1 (Reuters) - Kingfisher Plc ::‍HAS COMPLETED ACQUISITION OF PRAKTIKER ROMANIA S.A. FOLLOWING RECEIPT OF COMPETITION APPROVAL​.  Full Article

Break-up of Kingfisher "not something we would consider" - CEO
Wednesday, 20 Sep 2017 03:19am EDT 

Sept 20 (Reuters) - Kingfisher :Shares open up 4 percent on better than expected H1 profit.CEO says break-up of group "not something we would consider at all".  Full Article

Kingfisher announces share repurchase programme
Wednesday, 20 Sep 2017 02:20am EDT 

Sept 20 (Reuters) - KINGFISHER PLC ::INSTRUCTED GOLDMAN SACHS INTERNATIONAL IN RELATION TO AN IRREVOCABLE NON-DISCRETIONARY PROGRAMME TO PURCHASE SHARES FOR CANCELLATION.SHARES FOR CANCELLATION IS DURING PERIOD WHICH COMMENCES ON 20 SEPTEMBER 2017 AND ENDS NO LATER THAN 22 DECEMBER 2017.MAXIMUM AMOUNT ALLOCATED TO PROGRAMME WILL BE NO GREATER THAN £60,000,000.  Full Article

PRESS DIGEST- British Business - July 10

July 10 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.