Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 34,981 ordinary shares at £116.42 each on December 2, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company intends to hold these shares in Treasury, bringing the total shares held in Treasury to 11,255,299. Following this transaction, the remaining ordinary shares in issue will total 220,915,883. This figure serves as a reference for shareholders to determine if they need to notify their interest in the company as per the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase program worth $1,000 million.
• Reinforcement of shareholder value through treasury share purchase.
• Total shares held in Treasury now amount to 11,255,299.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 3, 2021 / Ferguson plc (the "Company") announces that on December 02, 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: 34,981

Date of transaction: December 02, 2021

Price paid per share: £116.423932

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 11,255,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,915,883.

The figure of 220,915,883 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/4420U_1-2021-12-2.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/675882/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on December 2, 2021?

Ferguson plc repurchased 34,981 ordinary shares of 10 pence each on December 2, 2021.

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

The price paid per share for the Ferguson plc repurchase was £116.42.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 11,255,299 shares in Treasury.

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

The remaining number of ordinary shares in issue for Ferguson plc is 220,915,883.

What is the purpose of the share repurchase program for Ferguson plc?

The purpose of the share repurchase program is to enhance shareholder value by reducing the number of shares in circulation.