Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 50,000 ordinary shares at a price of £103.914111 each on October 14, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. This brings the total number of shares held in treasury to 10,306,551, with 221,864,631 ordinary shares remaining in issue. Shareholders can use this figure for calculations regarding their notification obligations under the Disclosure and Transparency Rules.

Positive

• Share repurchase program of $1,000 million demonstrates confidence in company value.
• Repurchasing shares can enhance shareholder value by reducing supply.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 15, 2021 / Ferguson plc (the "Company") announces that on October 14, 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: 50,000

Date of transaction: October 14, 2021

Price paid per share: £103.914111

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 10,306,551 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,864,631.

The figure of 221,864,631 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/1556P_1-2021-10-14.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/668289/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on October 14, 2021?

Ferguson plc repurchased 50,000 ordinary shares of 10 pence each on October 14, 2021.

What was the price paid per share in Ferguson's recent repurchase?

The price paid per share was £103.914111.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 10,306,551 shares in Treasury.

What is the remaining number of ordinary shares issued for Ferguson plc?

The remaining number of ordinary shares in issue is 221,864,631.

Where can I find detailed information about Ferguson's share buyback?

Detailed information about Ferguson's share buyback is available in the attached announcement linked in the press release.