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Ferguson PLC Announces Transaction in Own Shares

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Ferguson plc (NYSE:FERG) announced the repurchase of 120,000 ordinary shares at a price of £96.04 each on May 18, 2022, part of its $2 billion share repurchase program. After this purchase, Ferguson holds 17,096,491 shares in treasury, with the total number of ordinary shares in issue now at 215,074,691. This total serves as a denominator for shareholders to assess their interests under the Disclosure and Transparency Rules. The shares will be held in treasury, impacting overall share supply and market perception.

Positive
  • Company repurchased 120,000 shares, indicating confidence in stock value.
  • Significant share repurchase program of $2 billion enhances shareholder value.
Negative
  • None.

WOKINGHAM, UK / ACCESSWIRE / May 19, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on May 18, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

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

Number of shares repurchased: 120,000

Date of transaction: May 18, 2022

Price paid per share: £96.040000

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 17,096,491 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,074,691.

The figure of 215,074,691 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/0137M_1-2022-5-18.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications

+1 224 285 2410

Pete Kennedy, Director of Investor Relations

+1 757 603 0111

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/701972/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc repurchase on May 18, 2022?

Ferguson plc repurchased 120,000 ordinary shares on May 18, 2022.

What was the price paid per share in the Ferguson plc buyback?

The price paid per share during the repurchase was £96.04.

What is the total number of ordinary shares in issue after the repurchase?

After the repurchase, the total number of ordinary shares in issue is 215,074,691.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds 17,096,491 shares in treasury.

What is the significance of the repurchase for Ferguson plc shareholders?

The repurchase is part of a $2 billion program intended to enhance shareholder value.

Ferguson Enterprises Inc.

NYSE:FERG

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