Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 33,000 ordinary shares at a price of £95.555735 each on June 11, 2021, as part of its $400 million share repurchase program, initiated on March 16, 2021. Following this transaction, the total shares held in Treasury will be 8,993,903, with the remaining shares in circulation amounting to 223,177,279. This repurchase is expected to have implications for shareholders under the Disclosure and Transparency Rules.

Positive

• Share repurchase of 33,000 shares indicates confidence in company's value.
• Total shares held in Treasury increases to 8,993,903, potentially providing support for share prices.
• Repurchase program utilizes significant capital ($400 million), displaying strong financial management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 14, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the 'Company') announces that on June 11, 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: 33,000

Date of transaction: June 11, 2021

Price paid per share: £95.555735

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 8,993,903 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,177,279

The figure of 223,177,279 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/7076B_1-2021-6-11.pdf

For further information, please contact:
Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092

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/651569/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase price for Ferguson plc shares on June 11, 2021?

The share repurchase price was £95.555735 per share.

How many shares did Ferguson plc repurchase on June 11, 2021?

Ferguson plc repurchased 33,000 ordinary shares.

What is the total number of shares Ferguson plc holds in Treasury after the latest repurchase?

After the latest repurchase, Ferguson plc holds a total of 8,993,903 shares in Treasury.

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

The share repurchase program aims to enhance shareholder value by buying back shares.

How many ordinary shares are outstanding for Ferguson plc after the repurchase?

After the repurchase, the total number of ordinary shares outstanding will be 223,177,279.