Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 28,796 of its ordinary shares at £130.50 each on December 23, 2021, as part of its $1,000 million share buyback program initiated on September 28, 2021. This transaction increases the total treasury shares held to 11,540,033, with the total number of ordinary shares in issue now at 220,631,149. Shareholders can use this figure to assess their interest in the Company under Disclosure and Transparency Rules. The company plans to retain these shares in treasury.

Positive

• Engagement in a $1,000 million share repurchase program.
• Total treasury shares now at 11,540,033, indicating strong capital management.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / December 24, 2021 / Ferguson plc (the "Company") announces that on December 23, 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: 28,796

Date of transaction: December 23, 2021

Price paid per share: £130.500000

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 11,540,033 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,631,149.

The figure of 220,631,149 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/6890W_1-2021-12-23.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/679450/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on December 23, 2021?

Ferguson plc repurchased 28,796 ordinary shares at a price of £130.50 each.

What is the current number of ordinary shares in issue for Ferguson plc after the repurchase?

The total number of ordinary shares in issue is now 220,631,149.

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

The repurchase is part of Ferguson plc's ongoing share buyback strategy, totaling $1,000 million.

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

After the recent transaction, Ferguson plc holds 11,540,033 shares in treasury.

Who was the broker for the Ferguson plc share repurchase?

The broker for the share repurchase was Barclays Capital Securities Limited.