Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 30,000 ordinary shares at £90.04 each on April 6, 2021, as part of a $400 million share repurchase program initiated on March 16, 2021. The company now holds a total of 7,586,249 shares in treasury, with 224,584,933 ordinary shares remaining in circulation. The repurchased shares will be held in treasury. This transaction complies with the Market Abuse Regulation, and details are attached to the announcement.

Positive

• Completed repurchase of 30,000 shares, demonstrating commitment to shareholder value.
• Increased treasury shares to 7,586,249, potentially enhancing future earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 7, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on April 06, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 30,000

Date of transaction: April 06, 2021

Price paid per share: £90.040000

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 7,586,249 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,584,933.

The figure of 224,584,933 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/5751U_1-2021-4-6.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/639213/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase price for Ferguson plc on April 6, 2021?

The share repurchase price for Ferguson plc on April 6, 2021, was £90.04 per share.

How many shares did Ferguson plc repurchase on April 6, 2021?

Ferguson plc repurchased 30,000 shares on April 6, 2021.

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

After the buyback, Ferguson plc has 224,584,933 ordinary shares remaining in circulation.

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

The purpose of Ferguson's share repurchase program is to enhance shareholder value.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 7,586,249 shares in treasury.