Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has reported the repurchase of 29,177 ordinary shares at a price of £112.25 per share on February 9, 2022. This transaction is part of its $1 billion share repurchase program initiated on September 28, 2021. Following this buyback, the total number of shares held in Treasury is 12,882,659, while the total remaining shares in issue stand at 219,288,523. This buyback may influence shareholder calculations under the Disclosure and Transparency Rules.

Positive

• Successful execution of a $1 billion share repurchase program.
• Reduction in outstanding shares, potentially increasing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 10, 2022 / Ferguson plc (the "Company") announces that on February 9, 2022 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: 29,177

Date of transaction: February 9, 2022

Price paid per share: £112.250000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 12,882,659 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,288,523.

The figure of 219,288,523 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/2133B_1-2022-2-9.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 2410
Pete Kennedy, Director of Investor Relations	+1 757 603 0111

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/688212/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share buyback activity has Ferguson plc undertaken?

On February 9, 2022, Ferguson plc repurchased 29,177 ordinary shares at £112.25 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc now holds 12,882,659 shares in Treasury following the recent buyback.

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

The total number of ordinary shares remaining in issue after the buyback is 219,288,523.

What is the significance of the share repurchase program for Ferguson plc?

The share repurchase program aims to enhance shareholder value by reducing the number of outstanding shares.