Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced the purchase of 40,000 ordinary shares as part of its $400 million share repurchase program, initiated on March 16, 2021. The shares were bought at £90.98 each on April 14, 2021. Following this transaction, Ferguson holds a total of 7,860,233 shares in treasury, with 224,310,949 ordinary shares remaining in circulation. This information serves as a basis for shareholders to calculate their interests under the Disclosure and Transparency Rules.

Positive

• Share repurchase program of $400 million highlights confidence in financial performance.
• Reduction in outstanding shares may enhance shareholder value and earnings per share.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 15, 2021 / Ferguson plc (the "Company")(LSE:FERG)(NYSE:FERG) announces that on April 14, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 40,000

Date of transaction: April 14, 2021

Price paid per share: £90.983979

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 7,860,233 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,310,949

The figure of 224,310,949 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/5092V_1-2021-4-14.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/640497/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on April 14, 2021?

Ferguson plc repurchased 40,000 ordinary shares at a price of £90.98 each.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 7,860,233 shares in treasury.

What is the remaining number of ordinary shares in circulation for Ferguson plc?

The remaining number of ordinary shares in circulation for Ferguson plc is 224,310,949.

What was the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to enhance shareholder value and return capital to shareholders.