Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 17,238 ordinary shares at a price of £113.15 per share on November 4, 2021, part of its $1,000 million share repurchase program initiated on September 28, 2021. The company plans to hold these shares in treasury, now totaling 10,631,301 shares. Following this transaction, the total number of ordinary shares in issue is 221,539,881, which shareholders can use as a denominator for interest notifications under the Disclosure and Transparency Rules.

Positive

• Continued share repurchase aligns with shareholder value enhancement strategy.
• Demonstrates strong financial position with capability to execute a $1,000 million buyback program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 5, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on November 04, 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: 17,238

Date of transaction: November 04, 2021

Price paid per share: £113.154233

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 10,631,301 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,539,881.

The figure of 221,539,881 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/4220R_1-2021-11-4.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/671326/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase announcement by Ferguson plc?

On November 4, 2021, Ferguson plc repurchased 17,238 ordinary shares at £113.15 each as part of its $1,000 million share repurchase program.

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

After the recent buyback, Ferguson plc holds a total of 10,631,301 shares in treasury.

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

Following the share repurchase, the total number of ordinary shares in issue is 221,539,881.

How does the share repurchase affect shareholder notifications?

The figure of 221,539,881 ordinary shares can be used by shareholders to determine if they need to notify any changes in their interest under the Disclosure and Transparency Rules.