Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) has announced the purchase of 116,702 ordinary shares as part of its $2.5 billion share repurchase program from March 20 to March 24, 2023. The shares were acquired across five trading days with a total volume of 116,702 shares and a daily weighted average purchase price ranging from $104.70 to $108.75. Post-purchase, Ferguson holds 26,714,212 shares in treasury, leaving 205,456,970 ordinary shares in circulation. This transaction aligns with the company's strategy to manage its capital effectively.

Positive

• The share repurchase program demonstrates effective capital management.
• Purchasing 116,702 shares may positively influence share price by reducing supply.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / March 28, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 116,702 of its ordinary shares in the period from March 20, 2023 up to and including March 24, 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
March 20, 2023	25,000	106.496423	XLON
March 21, 2023	8,874	108.750001	XLON
March 22, 2023	35,000	107.950000	XLON
March 23, 2023	22,828	106.379102	XLON
March 24, 2023	25,000	104.700000	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 26,714,212.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,456,970. The figure of 205,456,970 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/3423U_1-2023-3-27.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/746120/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share buyback amount for Ferguson plc?

Ferguson plc repurchased a total of 116,702 ordinary shares as part of its $2.5 billion share repurchase program.

When did Ferguson plc execute its share buyback?

The share buyback occurred from March 20 to March 24, 2023.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds 26,714,212 shares in treasury after the recent buyback.

What is the total number of ordinary shares outstanding for Ferguson plc?

Following the recent buyback, Ferguson plc has 205,456,970 ordinary shares outstanding.