Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 153,000 ordinary shares at a price of £90.046913 per share on June 21, 2022, as part of its $2 billion share repurchase program. The shares will be held in Treasury, increasing the total treasury shares to 19,734,176. After this transaction, the total number of shares in issue will be 212,437,006. Investors may use this figure for determining interest notifications under the Disclosure and Transparency Rules.

Positive

• Conducted a share repurchase of 153,000 shares, reinforcing shareholder confidence.
• Increased treasury share holdings to 19,734,176, which can support share price stabilization.

Negative

• None.

WORKINGHAM, UK / ACCESSWIRE / June 22, 2022 / Ferguson plc (the "Company") announces that on June 21, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

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

Number of shares repurchased: 153,000

Date of transaction: June 21, 2022

Price paid per share: £90.046913

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 19,734,176 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 212,437,006.

The figure of 212,437,006 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/7064P_1-2022-6-21.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/706080/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc (FERG)?

Ferguson plc repurchased 153,000 ordinary shares at £90.046913 each on June 21, 2022, as part of its $2 billion share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

After the recent purchase, Ferguson plc holds a total of 19,734,176 shares in Treasury.

What is the total number of ordinary shares in issue for Ferguson plc after the latest transaction?

The total number of ordinary shares in issue for Ferguson plc will be 212,437,006 following the recent repurchase.

What is the price paid per share in Ferguson plc's recent repurchase?

The price paid per share in the recent repurchase by Ferguson plc was £90.046913.