CORRECTION - Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a correction to its March 29, 2022 announcement regarding a transaction in its own shares. On March 28, 2022, the company repurchased 80,000 ordinary shares at a price of £103.846891 each as part of its $2 billion share repurchase program. The total number of shares held in Treasury following the purchase is 14,450,299, with 217,720,883 ordinary shares remaining in issue. This amended announcement clarifies the incorrect link in the original release.

Positive

• Repurchased 80,000 shares as part of a $2 billion share repurchase program.
• Total shares in Treasury increased to 14,450,299, potentially enhancing shareholder value.

Negative

• None.

The following amendment has been made to the 'Transaction in own shares' announcement released on March 29, 2022 at 7:00am.

The original announcement included an incorrect link which is updated in this correction announcement.

All other details remain unchanged.

The full amended text is shown below.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / March 30, 2022 / Ferguson plc (the "Company") announces that on March 28, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 80,000

Date of transaction: March 28, 2022

Price paid per share: £103.846891

Broker: Barclays Capital Securities Limited

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 14,450,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,720,883.

The figure of 217,720,883 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/5855G_1-2022-3-30.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 2410
Pete Kennedy, Director of Investor Relations	+1 757 603 0111

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/695228/CORRECTION--Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson's recent share repurchase announcement?

Ferguson announced a share repurchase to execute its $2 billion share repurchase program, enhancing shareholder value.

How many shares did Ferguson purchase on March 28, 2022?

Ferguson purchased 80,000 ordinary shares on March 28, 2022.

What is the price per share for Ferguson's recent buyback?

The price paid per share during the buyback was £103.846891.

How many shares does Ferguson currently hold in Treasury?

Ferguson currently holds 14,450,299 shares in Treasury.

What is the remaining number of ordinary shares in issue after the buyback?

The remaining number of ordinary shares in issue is 217,720,883.