Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 54,870 ordinary shares at a price of £100.50 per share on June 30, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The company now holds 9,430,472 shares in Treasury, with 222,740,710 shares remaining in circulation. This transaction is relevant for shareholders to determine their interest under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase enhances shareholder value.
• Total shares repurchased to date demonstrate commitment to returning capital to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 1, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on June 30, 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: 54,870

Date of transaction: June 30, 2021

Price paid per share: £100.500000

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 9,430,472 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,740,710.

The figure of 222,740,710 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/7297D_1-2021-6-30.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/653828/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on June 30, 2021?

Ferguson plc repurchased 54,870 ordinary shares at a price of £100.50 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 9,430,472 shares in Treasury.

What is the remaining number of ordinary shares in issue after the share repurchase?

The remaining number of ordinary shares in issue is 222,740,710.

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

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

When was Ferguson plc's share repurchase program announced?

The share repurchase program was announced on March 16, 2021.