Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 50,416 ordinary shares at £117.22 each on January 21, 2022, as part of its $1 billion share buyback program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 12,245,095 shares in Treasury. The total number of ordinary shares outstanding post-purchase is 219,926,087. This figure is essential for shareholders and those with notification obligations under the Disclosure and Transparency Rules. Further details on the transaction are available in the linked report.

Positive

• Completion of share repurchase indicates strong cash position.
• Total shares in Treasury increased to 12,245,095, supporting shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 24, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on January 21, 2022 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: 50,416

Date of transaction: January 21, 2022

Price paid per share: £117.216010

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 12,245,095 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,926,087.

The figure of 219,926,087 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/2896Z_1-2022-1-21.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/685122/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 50,416 shares at £117.22 each on January 21, 2022, as part of its $1 billion buyback program.

How many shares does Ferguson plc now hold in Treasury?

After the recent transaction, Ferguson holds a total of 12,245,095 shares in Treasury.

What is the total number of ordinary shares outstanding after the purchase?

The total number of ordinary shares outstanding after the purchase is 219,926,087.

When was Ferguson plc's share buyback program announced?

The share buyback program was announced on September 28, 2021.

Who brokered the share repurchase for Ferguson plc?

The share repurchase was brokered by J.P. Morgan Securities plc.