Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

WOKINGHAM, UK / ACCESSWIRE / June 19, 2022 - Ferguson plc has confirmed the purchase of 152,000 ordinary shares at £89.17 each on June 17, 2022, as part of its $2 billion share repurchase initiative. The shares will be held in Treasury, increasing the total held to 19,423,176. Post-transaction, the Company will have 212,748,006 ordinary shares remaining in circulation, a figure crucial for shareholders to determine their notification obligations under the Disclosure and Transparency Rules.

Positive

• Completion of share buyback program supports shareholder value.
• Increased Treasury shares indicate strong liquidity management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 19, 2022 / Ferguson plc (the "Company") announces that on June 17, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

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

Number of shares repurchased: 152,000

Date of transaction: June 17, 2022

Price paid per share: £89.165748

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 19,423,176 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 212,748,006.

The figure of 212,748,006 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/3802P_1-2022-6-17.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 2410
Pete Kennedy, Director of Investor Relations	+1 757 603 0111

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/705708/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on June 17, 2022?

Ferguson plc repurchased 152,000 ordinary shares at a price of £89.17 each.

How many total shares does Ferguson plc hold in Treasury after the buyback?

After the buyback, Ferguson plc holds 19,423,176 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 212,748,006.

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

The share repurchase program aims to enhance shareholder value.