Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) has announced the repurchase of 40,804 ordinary shares on June 1, 2021, as part of its ongoing $400 million share repurchase program initiated on March 16, 2021. The shares were acquired at a price of £96.310623 each and will be held in Treasury. Following this purchase, Ferguson will have a total of 8,773,702 shares in Treasury, with 223,397,480 ordinary shares remaining in issue. This buyback is aligned with the company's strategy to enhance shareholder value.

Positive

• Share repurchase supports shareholder value enhancement.
• Company holds a significant number of shares in Treasury (8,773,702).

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 2, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on June 01, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 40,804

Date of transaction: June 01, 2021

Price paid per share: £96.310623

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 8,773,702 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,397,480

The figure of 223,397,480 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/4964A_1-2021-6-1.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/650019/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc (FERG)?

On June 1, 2021, Ferguson plc repurchased 40,804 ordinary shares as part of its $400 million buyback program.

How much did Ferguson plc pay for its recent share repurchase?

Ferguson plc paid £96.310623 per share for the recent repurchase.

What will Ferguson plc do with the repurchased shares?

The repurchased shares will be held in Treasury.

How many ordinary shares are in issue after Ferguson's recent repurchase?

After the repurchase, the remaining number of ordinary shares in issue is 223,397,480.

What is the total number of shares Ferguson plc holds in Treasury?

Following the purchase, Ferguson plc holds a total of 8,773,702 shares in Treasury.