Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the purchase of 72,784 ordinary shares for treasury on June 14, 2022, as part of its $2 billion share repurchase program. The shares, priced at £90.787183 each, will be held in treasury, increasing the total treasury shares to 19,019,548. Following this transaction, the total number of ordinary shares in issue will be 213,151,634, serving as the denominator for shareholder interest calculations under transparency rules. This reflects Ferguson's ongoing commitment to returning value to shareholders.

Positive

• Initiated a $2 billion share repurchase program, indicating strong cash flow management.
• Repurchased 72,784 shares, enhancing shareholder value.
• Increased shares held in treasury to 19,019,548, signaling confidence in the company's stock.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 15, 2022 / Ferguson plc (the "Company") announces that on June 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: 72,784

Date of transaction: June 14, 2022

Price paid per share: £90.787183

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 19,019,548 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,151,634.

The figure of 213,151,634 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/8899O_1-2022-6-14.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/705131/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase announcement by Ferguson plc?

Ferguson plc announced a purchase of 72,784 ordinary shares for treasury on June 14, 2022, as part of its $2 billion share repurchase program.

How much did Ferguson plc pay for its repurchased shares?

The company paid £90.787183 per share during its recent repurchase.

How many shares does Ferguson plc currently hold in treasury?

After the recent purchase, Ferguson plc holds a total of 19,019,548 shares in treasury.

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

Following the repurchase, the remaining number of ordinary shares in issue will be 213,151,634.