Kennedy-Wilson (KW) Expands Existing $250 Million Share Repurchase Program to $500 Million

Global real estate investment company Kennedy Wilson (NYSE: KW) today announced that its Board of Directors has approved expanding the company’s existing share repurchase program from $250 million to $500 million. As of September 30, 2020, approximately 12.9 million shares of Kennedy Wilson’s common stock, totaling $232 million, have been repurchased since the program was initially authorized in March 2018.

Repurchases under the program may be made in the open market in privately negotiated transactions, through the net settlement of the company’s restricted stock grants or otherwise, with the amount and timing of repurchases dependent on market conditions and subject to the company’s discretion. The program does not obligate the company to repurchase any specific number of shares and, subject to compliance with applicable laws, may be suspended or terminated at any time without prior notice.

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