Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase transaction on October 5, 2021, as part of its $1,000 million share buyback program initiated on September 28, 2021. The company repurchased 60,000 ordinary shares at a price of £104.03 per share, totaling approximately £6.24 million. After this transaction, Ferguson holds 10,010,681 shares in treasury, with the number of shares in issue reduced to 222,160,501. This figure will serve as a denominator for shareholders in accordance with the Disclosure and Transparency Rules.

Positive

• Completed share repurchase of 60,000 shares, signaling confidence in company's value.
• Maintains a strong $1,000 million share buyback program, indicating robust cash flow.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / October 6, 2021 / Ferguson plc (the "Company") announces that on October 05, 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: 60,000

Date of transaction: October 05, 2021

Price paid per share: £104.027634

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 10,010,681 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,160,501.

The figure of 222,160,501 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/1167O_1-2021-10-5.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/666961/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on October 5, 2021?

Ferguson plc repurchased 60,000 ordinary shares at a price of £104.03 each.

How much has Ferguson plc allocated for its share buyback program?

Ferguson plc has allocated $1,000 million for its share buyback program.

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

After the repurchase, the total number of ordinary shares in issue will be 222,160,501.

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

Ferguson plc now holds 10,010,681 shares in treasury after the repurchase.

Who brokered the share repurchase for Ferguson plc?

The share repurchase was brokered by Barclays Capital Securities Limited.