Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on January 24, 2022, under its $1,000 million program initiated in September 2021. The company bought back 66,539 ordinary shares at a price of £113.55 each, bringing total shares held in treasury to 12,311,634. Following this transaction, 219,859,548 shares remain in circulation. This share repurchase is part of a strategy to enhance shareholder value by reducing the number of shares outstanding, which could positively affect earnings per share.

Positive

• Share repurchase program of $1,000 million enhances shareholder value.
• Purchase of shares reduces the number of outstanding shares, potentially boosting earnings per share.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / January 25, 2022 / Ferguson plc (the "Company") announces that on January 24, 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: 66,539

Date of transaction: January 24, 2022

Price paid per share: £113.550000

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 12,311,634 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,859,548.

The figure of 219,859,548 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/4398Z_1-2022-1-24.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/685292/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the share repurchase amount announced by Ferguson plc?

Ferguson plc announced a share repurchase program totaling $1,000 million.

How many shares did Ferguson plc repurchase on January 24, 2022?

On January 24, 2022, Ferguson plc repurchased 66,539 ordinary shares.

What was the price paid per share in the recent Ferguson plc transaction?

The price paid per share in the Ferguson plc transaction was £113.55.

How many shares are held in treasury by Ferguson plc after the buyback?

After the buyback, Ferguson plc holds a total of 12,311,634 shares in treasury.

What is the remaining number of ordinary shares in issue after the transaction?

Following the share repurchase, the remaining number of ordinary shares in issue is 219,859,548.