Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 20,000 ordinary shares at £119.349026 each on November 17, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021.

The company now holds 10,849,051 shares in treasury out of a total of 221,322,131 shares in issue. This repurchase supports shareholder value by reducing the number of shares outstanding, enhancing earnings per share metrics.

Positive

• Share repurchase program enhances shareholder value.
• 10,000 shares purchased contribute to lower shares outstanding.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 18, 2021 / Ferguson plc (the "Company") announces that on November 17, 2021 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: 20,000

Date of transaction: November 17, 2021

Price paid per share: £119.349026

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 10,849,051 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,322,131.

The figure of 221,322,131 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/7476S_1-2021-11-17.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/673522/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase announcement?

Ferguson plc announced on November 17, 2021, that it repurchased 20,000 shares at £119.349026 each as part of a $1,000 million share repurchase program.

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

After the latest repurchase, Ferguson plc holds 10,849,051 shares in treasury.

What impact does the share repurchase have on Ferguson plc's outstanding shares?

Following the repurchase, the total number of ordinary shares in issue is now 221,322,131.

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

Ferguson plc paid £119.349026 per share during the latest repurchase.