15 November 2002
Kingfisher increases its holding in
Castorama Dubois Investissements to 99.40% of the issued share
Kingfisher notes the results of its re-opened public offering
(the Offer) on the equity and equity-linked securities issued by
Castorama Dubois Investissements (CDI), as published by the Conseil
des Marchés Financiers (CMF).
A total of 463,409 CDI shares and 2,614 May 1996-2003
convertible bonds were tendered to the re-opened Offer. Kingfisher
now holds 99.40% of the issued share capital of CDI (99.19% on a
fully diluted basis).
The timetable for settlement of the securities tendered to the
Offer will be published by Euronext Paris SA.
Kingfisher now holds, directly or indirectly:
- 158,343,042 CDI shares
- 610,164 May 1996-2003 convertible bonds
- all 6,330 (unlisted) 1998-2003 convertible bonds issued by
- all 4,878 (unlisted) 1999-2004 convertible bonds issued by
- all 3,315 (unlisted) 2000-2005 convertible bonds issued by
- all 4,036 (unlisted) 2001-2006 exchangeable bonds issued by
- 79,945 (unlisted) subscription warrants issued by CDI
Broker and Institutional Enquiries
Ian Harding, Director of Investor Relations
+44 (0)20 7725 4889
Jonathan Miller, Head of Corporate Comms, UK
+44 (0) 20 7725 5713
Media Enquiries, France
Graham Fairbank, Head of Corporate Comms
+33 (0)1 43 18 52 26
The Maitland Consultancy
+44 (0) 20 7379 5151
+44 (0) 20 7724 7749
Notes To Editors
Kingfisher is Europe’s leading home improvement retailer
and is ranked number three in the world. The Company operates more
than 590 home improvement stores in 12 countries and enjoys
market-leading positions in the UK, France, Poland and Taiwan.
Sales for the Home Improvement sector for the year to 2 February
2002 were more than £5.8 billion, with retail profit in excess of
Kingfisher’s Electrical & Furniture business operates
more than 830 stores in nine countries. It is Europe’s third
largest electricals retailing business by sales and number two by
retail profit. As well as holding the leading position in France
and the number two position in the UK, Kingfisher also enjoys
leading positions in Belgium and in the Czech and Slovak Republics.
Sales for the year to 2 February 2002 were more than £3.7 billion,
with retail profit of £184 million.