Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 90,000 ordinary shares as part of its $2 billion share repurchase program on April 14, 2022. Each share was purchased at a price of £99.70743, executed through Barclays Capital Securities Limited. The total number of shares held in Treasury now amounts to 15,484,280, while the remaining shares in issue are 216,686,902. This transaction will aid shareholders in calculating their interests under the Disclosure and Transparency Rules.

Positive

• Share repurchase aligns with the $2 billion program, potentially boosting shareholder value.
• Holding shares in Treasury may enhance earnings per share by reducing the total share count.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 19, 2022 / Ferguson plc (the "Company") announces that on April 14, 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: 90,000

Date of transaction: April 14, 2022

Price paid per share: £99.70743

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 15,484,280 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,686,902.

The figure of 216,686,902 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/4830I_1-2022-4-14.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/697909/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson's recent share repurchase announcement?

Ferguson announced the purchase of 90,000 ordinary shares at £99.70743 each as part of its $2 billion share repurchase program on April 14, 2022.

How many shares does Ferguson currently hold in Treasury?

After the recent repurchase, Ferguson holds a total of 15,484,280 shares in Treasury.

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

Following the repurchase, the total number of ordinary shares in issue will be 216,686,902.

Who executed the share repurchase for Ferguson?

The share repurchase was executed by Barclays Capital Securities Limited.

Why is the share repurchase important for Ferguson shareholders?

The share repurchase is significant as it can improve earnings per share by reducing the total number of shares outstanding, potentially increasing shareholder value.