Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 80,000 ordinary shares at a price of £114.85 each on November 26, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the total shares held in treasury increased to 11,107,062, representing 5.02% of total voting rights. The remaining number of ordinary shares in issue is now 221,064,120. Shareholders can use this figure to determine notification obligations under the Disclosure and Transparency Rules.

Positive

• Share repurchase program reinforces shareholder value.
• Increased treasury shares signal confidence in the company's financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 29, 2021 / Ferguson plc (the "Company") announces that on November 26, 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: 80,000

Date of transaction: November 26, 2021

Price paid per share: £114.850000

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 11,107,062 Shares in Treasury. In accordance with DTR 5.5.1R, the Company confirms that the percentage of its Shares held in Treasury has today increased to 5.02% of its total voting rights.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,064,120.

The figure of 221,064,120 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/7931T_1-2021-11-26.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/674959/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson plc's share repurchase on November 26, 2021?

The share repurchase was part of a $1,000 million share repurchase program to enhance shareholder value.

How many shares did Ferguson plc repurchase on November 26, 2021?

Ferguson plc repurchased 80,000 ordinary shares.

What is the new total number of treasury shares held by Ferguson plc?

Ferguson plc now holds a total of 11,107,062 treasury shares.

What percentage of total voting rights do the treasury shares represent after the repurchase?

The treasury shares represent 5.02% of the total voting rights.

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

Following the repurchase, the remaining number of ordinary shares in issue is 221,064,120.