Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 120,000 ordinary shares at a price of £100.90 per share as part of its $2 billion share repurchase program. The transaction occurred on April 26, 2022, through Barclays Capital Securities Limited. After this repurchase, Ferguson holds a total of 15,799,002 shares in Treasury, and the total number of ordinary shares in issue is now 216,372,180. This figure will assist shareholders in determining any required notifications under the Disclosure and Transparency Rules.

Positive

• Repurchased 120,000 shares, demonstrating commitment to shareholder value.
• Total shares held in Treasury increased to 15,799,002, reflecting effective capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 27, 2022 / Ferguson plc (the "Company") announces that on April 26, 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: 120,000

Date of transaction: April 26, 2022

Price paid per share: £100.900000

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 15,799,002 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,372,180.

The figure of 216,372,180 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/4350J_1-2022-4-26.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/699040/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on April 26, 2022?

Ferguson plc repurchased 120,000 ordinary shares on April 26, 2022.

At what price did Ferguson plc repurchase its shares?

The shares were repurchased at a price of £100.90 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds 15,799,002 shares in Treasury following the latest purchase.

What is the total number of ordinary shares in issue for Ferguson plc?

The total number of ordinary shares in issue is now 216,372,180.

Who managed the share repurchase transaction for Ferguson plc?

The share repurchase transaction was managed by Barclays Capital Securities Limited.