Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) has announced a total purchase of 241,000 ordinary shares from January 9 to January 12, 2023, as part of its $2.5 billion share repurchase program. The breakdown of purchases includes:

• January 9: 70,000 shares at $114.98
• January 10: 60,000 shares at $114.52
• January 11: 55,000 shares at $111.80
• January 12: 56,000 shares at $113.16

These shares will be held in treasury, bringing the total treasury shares to 25,282,150 and leaving 206,889,032 shares outstanding for shareholders.

Positive

• Purchase of 241,000 shares strengthens shareholder value.
• Continued execution of $2.5 billion share repurchase program indicates confidence in company's financial health.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / January 17, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 241,000 of its ordinary shares in the period from January 09, 2023 up to and including January 12, 2023 in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
January 09, 2023	70,000	114.978387	XLON
January 10, 2023	60,000	114.524634	XLON
January 11, 2023	55,000	111.800000	XLON
January 12, 2023	56,000	113.162444	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 25,282,150.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,889,032. The figure of 206,889,032 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/8354M_1-2023-1-16.pdf

For further information please contact:

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/735471/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson's recent share repurchase activity for January 2023?

Ferguson plc purchased 241,000 ordinary shares from January 9 to January 12, 2023.

How many shares does Ferguson hold in treasury after the recent repurchase?

After the recent repurchase, Ferguson holds 25,282,150 shares in treasury.

What is the total number of ordinary shares remaining after Ferguson's recent purchases?

Following the purchases, the remaining ordinary shares in issue is 206,889,032.

What was the average purchase price for shares bought by Ferguson in January 2023?

The average purchase price ranged from $111.80 to $114.98 across the purchase days.

What is the total budget for Ferguson's share repurchase program?

Ferguson has allocated $2.5 billion for its share repurchase program.