Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 31,558 ordinary shares at a price of £118.81 each on January 20, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The company now holds 12,194,679 shares in Treasury, leaving 219,976,503 shares in circulation. This buyback aligns with Ferguson's strategy to utilize excess cash for shareholder return. Further details and individual purchase information are available under the Market Abuse Regulation.

Positive

• Repurchase of 31,558 shares supports shareholder value.
• Total shares in Treasury now stand at 12,194,679, strengthening capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 21, 2022 / Ferguson plc (the "Company") announces that on January 20, 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: 31,558

Date of transaction: January 20, 2022

Price paid per share: £118.812378

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 12,194,679 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,976,503.

The figure of 219,976,503 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/1522Z_1-2022-1-20.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/684905/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase program amount announced by Ferguson plc?

Ferguson plc announced a $1 billion share repurchase program.

When did Ferguson plc repurchase its ordinary shares?

Ferguson plc repurchased ordinary shares on January 20, 2022.

How many ordinary shares did Ferguson plc buy back?

Ferguson plc bought back 31,558 ordinary shares.

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

The price paid per share was £118.81.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 12,194,679 shares in Treasury.

What is the remaining number of ordinary shares in issue after the repurchase?

The remaining number of ordinary shares in issue is 219,976,503.