Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 165,991 ordinary shares at a price of £110.45 on March 4, 2022, under its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the total shares held in Treasury will be 13,765,412, leaving 218,405,770 shares outstanding. This buyback aims to optimize shareholder value by reducing the number of shares in circulation. The company will use this repurchased stock for Treasury purposes, and shareholders should consider this when calculating voting rights and notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase program of $1,000 million initiated to enhance shareholder value.
• Repurchased 165,991 shares, indicating strong cash flow management.
• Reduction of shares outstanding to 218,405,770 may lead to improved earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 7, 2022 / Ferguson plc (the "Company") announces that on March 4, 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: 165,991

Date of transaction: March 4, 2022

Price paid per share: £110.450000

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 13,765,412 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,405,770.

The figure of 218,405,770 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/7589D_1-2022-3-4.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/691750/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on March 4, 2022?

Ferguson plc repurchased 165,991 ordinary shares for Treasury at a price of £110.45 each on March 4, 2022.

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

After the recent buybacks, Ferguson plc holds a total of 13,765,412 shares in Treasury.

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

Following the repurchase, the total number of outstanding shares for Ferguson plc is 218,405,770.

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

The purpose of Ferguson plc's share repurchase program is to enhance shareholder value by reducing the number of shares in circulation.

Who handled the share repurchase transaction for Ferguson plc?

The share repurchase transaction for Ferguson plc was handled by J.P. Morgan Securities plc.