Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced the repurchase of 21,605 ordinary shares at £117.888219 each on November 15, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company now holds a total of 10,787,778 shares in Treasury, with 221,383,404 ordinary shares remaining in circulation. This transaction is significant for shareholders in calculating their interests under the Disclosure and Transparency Rules. Further details can be explored through the company's announcement linked in the release.

Positive

• Ferguson repurchased 21,605 shares, demonstrating confidence in its stock.
• Total shares in Treasury increased to 10,787,778, potentially enhancing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 16, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on November 15, 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: 21,605

Date of transaction: November 15, 2021

Price paid per share: £117.888219

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 10,787,778 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,383,404.

The figure of 221,383,404 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/4458S_1-2021-11-15.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/673037/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the latest share repurchase announcement from Ferguson plc?

Ferguson plc announced the repurchase of 21,605 ordinary shares on November 15, 2021, as part of its $1,000 million share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 10,787,778 shares in Treasury after the latest repurchase.

What was the price paid per share by Ferguson plc during the repurchase?

The price paid per share during the repurchase was £117.888219.

How many ordinary shares of Ferguson plc are still in circulation after the repurchase?

After the repurchase, there are 221,383,404 ordinary shares remaining in circulation.

When did Ferguson plc announce its share repurchase program?

Ferguson plc announced its $1,000 million share repurchase program on September 28, 2021.