Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 177,434 ordinary shares at £91.10 each on May 9, 2022, as part of its $2 billion share repurchase program. Following this transaction, the company holds a total of 16,759,828 shares in Treasury, with 215,411,354 ordinary shares remaining in issue. This figure serves as a denominator for shareholders to assess their interests under the Disclosure and Transparency Rules. The repurchase aims to enhance shareholder value despite the uncertain market conditions. Detailed purchase information is available in the announcement.

Positive

• Share repurchase of 177,434 shares reflects commitment to shareholder value.
• Total treasury shares increased to 16,759,828, potentially boosting stock price stability.
• Significant part of a $2 billion repurchase program indicates strong financial position.

Negative

• None.

WORKINGHAM, UK / ACCESSWIRE / May 10, 2022 / Ferguson plc (the "Company") announces that on May 09, 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: 177,434

Date of transaction: May 09, 2022

Price paid per share: £91.100000

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 16,759,828 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,411,354.

The figure of 215,411,354 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/8466K_1-2022-5-9.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/700690/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc on May 9, 2022?

Ferguson plc repurchased 177,434 ordinary shares at £91.10 each on May 9, 2022, as part of its $2 billion share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds a total of 16,759,828 shares in Treasury following the recent repurchase.

What is the total number of ordinary shares issued by Ferguson plc after the repurchase?

After the share repurchase, Ferguson plc has 215,411,354 ordinary shares remaining in issue.

What impact does the share repurchase program have on Ferguson plc's stock?

The share repurchase program is intended to enhance shareholder value and may positively influence stock price stability.