Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 152,042 ordinary shares at a price of £110.95 each on February 24, 2022, as part of its ongoing $1 billion share repurchase program initiated on September 28, 2021. The company now holds 13,464,556 shares in treasury, reducing the total shares in issue to 218,706,626. This repurchase affects the calculations for shareholders regarding their interest notifications under the Disclosure and Transparency Rules. The details of the transaction were conducted through J.P. Morgan Securities plc.

Positive

• Repurchased 152,042 shares at a price of £110.95 each, reinforcing shareholder value.
• Continues commitment to its $1 billion share repurchase program, indicating confidence in financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 25, 2022 / Ferguson plc (the "Company") announces that on February 24, 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: 152,042

Date of transaction: February 24, 2022

Price paid per share: £110.950000

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 13,464,556 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,706,626.

The figure of 218,706,626 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/7790C_1-2022-2-24.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/690384/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount announced by Ferguson on February 24, 2022?

Ferguson announced a repurchase of 152,042 ordinary shares at a price of £110.95 each.

How many shares does Ferguson hold in treasury after the recent repurchase?

After the recent repurchase, Ferguson holds a total of 13,464,556 shares in treasury.

What is the total number of ordinary shares in issue for Ferguson after the repurchase?

Following the share repurchase, the total number of ordinary shares in issue is 218,706,626.

Who conducted the share repurchase transaction for Ferguson?

The share repurchase transaction was conducted through J.P. Morgan Securities plc.