Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on July 6, 2021, the repurchase of 43,065 ordinary shares at a price of £101.90 each as part of its $400 million share repurchase program. This transaction, facilitated by J.P. Morgan Securities plc, brings the total shares held in Treasury to 9,508,403. Post-purchase, the total number of ordinary shares in issue stands at 222,662,779, which shareholders can use for calculating notification requirements under the Disclosure and Transparency Rules.

Positive

• Successful repurchase of 43,065 shares indicates strong cash flow and financial health.
• The $400 million share repurchase program demonstrates confidence in the company's value.
• Holding shares in Treasury can provide flexibility for future capital allocation.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 7, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on July 6, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 43,065

Date of transaction: July 6, 2021

Price paid per share: £101.900000

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 9,508,403 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,662,779.

The figure of 222,662,779 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/3655E_1-2021-7-6.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/654479/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on July 6, 2021?

Ferguson plc repurchased 43,065 ordinary shares of 10 pence each.

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

The price paid per share was £101.90.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds 9,508,403 shares in Treasury.

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

The remaining number of ordinary shares in issue is 222,662,779.

What is the total value of Ferguson plc's share repurchase program?

Ferguson plc's share repurchase program is valued at $400 million.