Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on May 6, 2021, a repurchase of 27,204 ordinary shares at a price of £93.208616 each, as part of its $400 million share repurchase program initiated on March 16, 2021. With this transaction, Ferguson now holds 8,351,847 shares in Treasury. After this purchase, the total number of ordinary shares in issue is 223,819,335. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.

Positive

• Initiation of a $400 million share repurchase program.
• Repurchased 27,204 shares, indicating confidence in stock value.
• Maintains a substantial treasury share holding of 8,351,847.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / May 7, 2021 / Ferguson plc (the "Company") announces that on May 06, 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: 27,204

Date of transaction: May 06, 2021

Price paid per share: £93.208616

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 8,351,847 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,819,335

The figure of 223,819,335 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/8435X_1-2021-5-6.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/645574/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 27,204 ordinary shares on May 6, 2021, at £93.208616 each.

How many shares does Ferguson plc currently have in Treasury?

Ferguson plc holds 8,351,847 shares in Treasury after the recent repurchase.

What is the total number of ordinary shares issued by Ferguson plc after the transaction?

After the transaction, the total number of ordinary shares in issue is 223,819,335.

What does the share repurchase program indicate about Ferguson plc?

The share repurchase program indicates Ferguson plc's confidence in its stock value.