Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 26,885 ordinary shares at a price of £107.15 each on October 21, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The total shares held in Treasury now stands at 10,366,417, with 221,804,765 ordinary shares remaining in circulation. This purchase aims to enhance shareholder value and will be reported in accordance with Disclosure and Transparency Rules.

Positive

• Ferguson plc is actively engaging in a share repurchase program, which often signals confidence in the company's financial health.
• The repurchase of shares can potentially increase earnings per share and enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 22, 2021 / Ferguson plc (the "Company") announces that on October 21, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

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

Number of shares repurchased: 26,885

Date of transaction: October 21, 2021

Price paid per share: £107.147071

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 10,366,417 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,804,765.

The figure of 221,804,765 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/8745P_1-2021-10-21.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/669206/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on October 21, 2021?

Ferguson plc repurchased 26,885 ordinary shares at £107.15 each on October 21, 2021.

How many shares does Ferguson plc currently hold in Treasury?

After the recent repurchase, Ferguson plc now holds 10,366,417 shares in Treasury.

What is the total number of ordinary shares outstanding for Ferguson plc after the buyback?

After the buyback, the remaining number of ordinary shares issued by Ferguson plc is 221,804,765.

What was the purpose of Ferguson plc's share repurchase program announced on September 28, 2021?

The purpose of the share repurchase program is to enhance shareholder value and reflect confidence in the company's financial performance.