Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced on March 24, 2021, a share repurchase of 70,000 ordinary shares as part of its $400 million program disclosed earlier. The shares were purchased at a price of £86.335394 each, with Barclays Capital Securities Limited acting as the broker. Following this repurchase, Ferguson holds a total of 7,271,874 shares in Treasury. The total number of ordinary shares now in circulation is 224,899,308, which shareholders should use for calculating any changes in their interest under the Disclosure and Transparency Rules.

Positive

• Completion of purchase of 70,000 shares strengthens shareholder value.
• Total shares held in Treasury increased to 7,271,874, reflecting commitment to share repurchase.

Negative

• None.

WOKINGHAM, ENGLAND / ACCESSWIRE / March 25, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on March 24, 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: 70,000
Date of transaction: March 24, 2021
Price paid per share: £86.335394
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 7,271,874 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,899,308.

The figure of 224,899,308 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/4016T_1-2021-3-24.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer Mark Fearon, Director of Communications and Investor Relations

+1 757 223 6092 +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/637354/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on March 24, 2021?

Ferguson plc repurchased 70,000 ordinary shares at a price of £86.335394 each.

What is the remaining number of shares in circulation for Ferguson plc after the repurchase?

After the repurchase, the remaining number of ordinary shares in circulation is 224,899,308.

What is the purpose of Ferguson's $400 million share repurchase program?

The purpose of the share repurchase program is to enhance shareholder value.

Who acted as the broker for Ferguson's share repurchase?

Barclays Capital Securities Limited acted as the broker for the share repurchase.