Ferguson PLC Announces Transaction in Own Shares
Ferguson plc (NYSE:FERG) announced a significant share repurchase activity between April 11 and April 14, 2023, as part of its $2.5 billion share repurchase program. During this period, the company purchased 78,493 ordinary shares. Here are the details of the share purchases:
- April 11: 20,034 shares at an average price of $101.36.
- April 12: 25,000 shares at an average price of $101.85.
- April 13: 24,391 shares at an average price of $101.63.
- April 14: 9,068 shares at an average price of $103.72.
Following these transactions, the total number of shares held in treasury will be 27,042,140, leaving 205,129,042 ordinary shares in issue. This information will be relevant for shareholders regarding their interests in the company under the Disclosure Guidance and Transparency Rules.
- Completion of 78,493 ordinary shares buyback indicates strong financial health.
- The ongoing $2.5 billion share repurchase program demonstrates management's commitment to returning capital to shareholders.
- None.
Ferguson Share Repurchase Program - Weekly Report
WOKINGHAM, UK / ACCESSWIRE / April 18, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 78,493 of its ordinary shares in the period from April 11, 2023 up to and including April 14, 2023 in connection with its
Aggregated information about the purchases carried out during this period
Trading day | Aggregate daily volume (in number of shares) | Daily weighted average purchase price of the shares | Trading venue |
April 11, 2023 | 20,034 | 101.358303 | XLON |
April 12, 2023 | 25,000 | 101.850000 | XLON |
April 13, 2023 | 24,391 | 101.632286 | XLON |
April 14, 2023 | 9,068 | 103.715769 | XLON |
The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 27,042,140.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,129,042. The figure of 205,129,042 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/4948W_1-2023-4-17.pdf
For further information please contact:
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
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https://www.accesswire.com/749730/Ferguson-PLC-Announces-Transaction-in-Own-Shares
FAQ
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