Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 23,888 ordinary shares on June 25, 2021, under its $400 million share repurchase program initiated on March 16, 2021. The shares were purchased at a price of £99.969900 each. Following this transaction, Ferguson will have 9,342,670 shares in Treasury, with 222,828,512 shares remaining in circulation. This information is significant for shareholders as it alters the denominator for calculating share interests under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase reinforces company commitment to shareholder value.
• Reduction in total shares outstanding may support share price appreciation.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 28, 2021 / Ferguson plc (the 'Company') announces that on June 25, 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: 23,888

Date of transaction: June 25, 2021

Price paid per share: £99.969900

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 9,342,670 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,828,512.

The figure of 222,828,512 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/2279D_1-2021-6-25.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/653269/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson plc's share repurchase on June 25, 2021?

The share repurchase aimed to enhance shareholder value as part of a $400 million share repurchase program initiated on March 16, 2021.

How many shares did Ferguson plc repurchase on June 25, 2021?

Ferguson plc repurchased 23,888 ordinary shares on June 25, 2021.

What is the remaining number of Ferguson plc ordinary shares after the repurchase?

After the repurchase, the remaining number of ordinary shares in issue will be 222,828,512.

What price did Ferguson plc pay per share during the repurchase?

Ferguson plc paid £99.969900 per share during the repurchase.

Who handled the share repurchase transaction for Ferguson plc?

The transaction was handled by J.P. Morgan Securities plc.