Kingfisher starts sale of shares to employees

Store colleagues are the priority: Kingfisher start an all-colleague share plan.

Kingfisher is offering all of its 77 000 employees the purchase of company shares. At the end of September, the British trading group announced an all-colleague share plan under the heading "1+1 Sharing In Our Future". The new plan means every share bought by an employee will be matched by Kingfisher on a one-for-one basis. The monthly contribution will be GBP 10 up to GBP 250, with a maximum total contribution limited to GBP 1 500, "to ensure that store colleagues are the priority", according to an announcement.

Contributions will be made for six months between January 2021 to July 2021. The shares will be bought in July 2021. After a vesting period of one year (in July 2022), participants can choose to keep or sell their purchased and matching shares.