Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 8,801 ordinary shares at a price of £102.210446 each on July 16, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. After this transaction, Ferguson holds 9,675,158 shares in treasury, reducing the total number of ordinary shares in issue to 222,496,024. This number is crucial for shareholders when calculating their need to notify any changes in their interest under the Disclosure and Transparency Rules.

Positive

• Share repurchase program signals confidence in the company's value.
• Reduction in shares outstanding can enhance earnings per share (EPS).

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 19, 2021 / Ferguson plc (the 'Company') announces that on July 16, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 8,801

Date of transaction: July 16, 2021

Price paid per share: £102.210446

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 9,675,158 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,496,024.

The figure of 222,496,024 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/5796F_1-2021-7-16.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/655986/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc purchase on July 16, 2021?

Ferguson plc purchased 8,801 ordinary shares at a price of £102.210446 each.

How many shares are currently held in treasury by Ferguson plc?

Ferguson plc holds a total of 9,675,158 shares in treasury.

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

The total number of ordinary shares in issue is now 222,496,024.

What financial impact does the share repurchase by Ferguson plc have?

The share repurchase can enhance earnings per share (EPS) and indicates confidence in the company's value.