Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 40,000 ordinary shares at a price of £123.55 each on January 10, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. With this transaction, the total shares held in treasury now amount to 11,859,830. Following this repurchase, the total number of ordinary shares in issue will be 220,311,352. This figure is crucial for shareholders as it serves as a denominator for regulatory notifications under the Disclosure and Transparency Rules.

Positive

• Initiated a $1,000 million share repurchase program to enhance shareholder value.
• Repurchased 40,000 shares, indicating strong confidence in the company's stock.
• Holds a total of 11,859,830 shares in treasury, reflecting strategic capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 11, 2022 / Ferguson plc (the "Company") announces that on January 10, 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: 40,000

Date of transaction: January 10, 2022

Price paid per share: £123.550000

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 11,859,830 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,311,352.

The figure of 220,311,352 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/9860X_1-2022-1-10.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/681998/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 worth $1,000 million.

How many shares did Ferguson plc repurchase on January 10, 2022?

Ferguson plc repurchased 40,000 ordinary shares on January 10, 2022.

What is the price per share for the repurchase by Ferguson plc?

The price paid per share for the repurchase was £123.55.

How many shares does Ferguson plc hold in treasury after the repurchase?

After the repurchase, Ferguson plc holds 11,859,830 shares in treasury.

What will be the total number of ordinary shares in issue after the repurchase?

The total number of ordinary shares in issue will be 220,311,352 after the repurchase.