Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced its recent share repurchase transaction on May 10, 2021, under a $400 million program initiated on March 16, 2021.

The company repurchased 34,337 ordinary shares at a price of £94.38 each. After this purchase, Ferguson holds 8,407,542 shares in Treasury, while the total number of issued shares has decreased to 223,763,640.

This transaction enables shareholders to notify their interests as required under the Disclosure and Transparency Rules.

Positive

• Successful repurchase of 34,337 shares demonstrates commitment to shareholder value.
• Total shares held in Treasury now stands at 8,407,542, which may enhance EPS.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / May 11, 2021 / Ferguson plc (the "Company") announces that on May 10, 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: 34,337

Date of transaction: May 10, 2021

Price paid per share: £94.380000

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 8,407,542 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,763,640

The figure of 223,763,640 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/1453Y_1-2021-5-10.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/646323/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

When did Ferguson plc announce its share repurchase?

Ferguson plc announced its share repurchase on May 10, 2021.

How many shares did Ferguson plc repurchase on May 10, 2021?

Ferguson plc repurchased 34,337 ordinary shares on May 10, 2021.

What was the price paid per share by Ferguson plc?

The price paid per share by Ferguson plc was £94.38.

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

After the repurchase, the total number of ordinary shares in issue is 223,763,640.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 8,407,542 shares in Treasury.