Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 29,431 ordinary shares for Treasury on December 22, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares, priced at £129.453240 each, will increase the total shares held in Treasury to 11,511,237. With this transaction, the remaining ordinary shares in issue are now 220,659,945. This figure will be crucial for shareholders to determine their notification obligations under the Disclosure and Transparency Rules.

Positive

• Executed share repurchase shows strong capital management.
• Increase in Treasury shares may enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 23, 2021 / Ferguson plc (the "Company") announces that on December 22, 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: 29,431

Date of transaction: December 22, 2021

Price paid per share: £129.453240

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 11,511,237 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,659,945.

The figure of 220,659,945 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/5492W_1-2021-12-22.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/679223/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc purchase on December 22, 2021?

Ferguson plc purchased 29,431 ordinary shares on December 22, 2021.

What was the price paid per share for Ferguson plc's repurchase?

The price paid per share was £129.453240.

How many shares does Ferguson plc hold in Treasury after the recent purchase?

After the recent purchase, Ferguson plc holds 11,511,237 shares in Treasury.

What is the total number of ordinary shares in issue after the repurchase?

The total number of ordinary shares in issue after the repurchase is 220,659,945.

What is the purpose of the Treasury shares held by Ferguson plc?

The Treasury shares are held to manage capital and could potentially enhance shareholder value.