Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 39,629 ordinary shares at £126.801739 each on December 20, 2021, as part of its ongoing $1 billion share repurchase program initiated on September 28, 2021. The total number of shares now held in Treasury is 11,481,806, leaving 220,689,376 ordinary shares in circulation. This buyback strategy is part of the company's effort to enhance shareholder value, and details of the transactions will be used for compliance under the Disclosure and Transparency Rules.

Positive

• Continued share repurchase program demonstrates commitment to enhancing shareholder value.
• The number of shares held in Treasury indicates a strategic approach to managing stock supply.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / December 21, 2021 / Ferguson plc (the "Company") announces that on December 20, 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: 39,629

Date of transaction: December 20, 2021

Price paid per share: £126.801739

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 11,481,806 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,689,376.

The figure of 220,689,376 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/2709W_1-2021-12-20.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/678798/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on December 20, 2021?

Ferguson plc repurchased 39,629 ordinary shares at a price of £126.801739 each.

What is the total number of shares Ferguson plc holds in Treasury?

After the repurchase, Ferguson plc holds a total of 11,481,806 shares in Treasury.

How many ordinary shares are now in circulation for Ferguson plc?

Following the repurchase, there are 220,689,376 ordinary shares in circulation.

What is the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to enhance shareholder value.

When was Ferguson plc's share repurchase program announced?

The share repurchase program was announced on September 28, 2021.