Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced a share repurchase on May 5, 2021, purchasing 2,676 ordinary shares at a price of £92.899415 each as part of its £400 million program initiated on March 16, 2021. Following this transaction, Ferguson holds 8,326,651 shares in treasury and has 223,844,531 ordinary shares remaining in issue. Shareholders can utilize this figure to determine their notification obligations under the Disclosure and Transparency Rules.

Positive

• Ferguson repurchased shares as part of its £400 million buyback program, indicating confidence in stock value.
• The company now holds 8,326,651 shares in treasury, which could enhance future shareholder value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / May 6, 2021 / Ferguson plc (the "Company")(LSE:FERG)(NYSE:FERG) announces that on May 05, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 2,676

Date of transaction: May 05, 2021

Price paid per share: £92.899415

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 8,326,651 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,844,531

The figure of 223,844,531 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/6896X_1-2021-5-5.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/645064/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What number of shares did Ferguson plc repurchase on May 5, 2021?

Ferguson plc repurchased 2,676 ordinary shares on May 5, 2021.

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

The price paid per share during the buyback was £92.899415.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 8,326,651 shares in treasury.

How many ordinary shares are in issue after Ferguson's recent purchase?

After the repurchase, there are 223,844,531 ordinary shares in issue.