Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 20,000 ordinary shares on October 27, 2021, as part of its $1,000 million share repurchase program. The shares were bought at a price of £109.403798 each through Barclays Capital Securities Limited. Following this transaction, the company holds a total of 10,486,422 shares in treasury, with 221,684,760 ordinary shares remaining in issue. This repurchase may influence shareholders' interest calculations under the Disclosure and Transparency Rules.

Positive

• Engagement in a sizable $1,000 million share repurchase program.
• Repurchased shares may enhance shareholder value.
• Total shares held in treasury increases to 10,486,422.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 28, 2021 / Ferguson plc (the "Company") announces that on October 27, 2021 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: 20,000

Date of transaction: October 27, 2021

Price paid per share: £109.403798

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 10,486,422 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,684,760.

The figure of 221,684,760 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/4857Q_1-2021-10-27.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/670056/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on October 27, 2021?

Ferguson plc repurchased 20,000 ordinary shares on October 27, 2021.

What was the price per share for the repurchase by Ferguson plc?

The price paid per share was £109.403798.

How many shares are currently held in treasury by Ferguson plc?

Ferguson plc currently holds 10,486,422 shares in treasury.

What is the total number of ordinary shares remaining in issue for Ferguson plc?

The total number of ordinary shares remaining in issue is 221,684,760.