Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported the purchase of 166,282 ordinary shares from September 5 to September 9, 2022, as part of its $2 billion share repurchase program. The weighted average purchase price for these shares was approximately 9,835.43 per share. Following these transactions, Ferguson holds 22,415,160 shares in treasury, leaving 209,756,022 ordinary shares in circulation. These figures comply with the Market Abuse Regulation and serve as a reference for shareholders in reporting changes in their interests.

Positive

• Completed the purchase of 166,282 shares as part of $2 billion buyback program.
• Shares purchased indicate confidence in the company's value.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WORKINGHAM, UK / ACCESSWIRE / September 13, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 166,282 of its ordinary shares in the period from September 5, 2022 up to and including September 9, 2022 in connection with its $2 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
September 5, 2022	41,636	9,835.4272	XLON
September 5, 2022	19,244	9,835.4272	BATE
September 5, 2022	6,778	9,835.4272	AQXE
September 5, 2022	6,819	9,835.4272	TRQX
September 5, 2022	6,830	9,835.4272	CHIX
September 6, 2022	48,122	9,879.3737	XLON
September 7, 2022	14,876	9,849.9853	XLON
September 7, 2022	92	9,849.9853	BATE
September 8, 2022	21,885	9,942.7754	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 22,415,160.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 209,756,022. The figure of 209,756,022 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/1695Z_1-2022-9-12.pdf

For further information please contact:

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/715713/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the latest share repurchase program update for Ferguson (FERG)?

Ferguson (FERG) purchased 166,282 shares from September 5 to September 9, 2022, as part of its $2 billion share repurchase program.

How many shares does Ferguson hold in treasury after the latest buyback?

After the recent buyback, Ferguson holds 22,415,160 shares in treasury.

What is the remaining number of shares in circulation for Ferguson (FERG)?

The remaining number of ordinary shares in circulation for Ferguson is 209,756,022.

What was the average purchase price of shares for Ferguson during the latest repurchase?

The daily weighted average purchase price for the shares was approximately 9,835.43.

What regulations govern the share repurchase transactions of Ferguson (FERG)?

The transactions are governed by the Market Abuse Regulation as part of UK law.