Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 23,419 ordinary shares at a price of £109.975740 each on March 16, 2022. This action is part of the company's $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson plc will hold a total of 14,190,675 shares in Treasury, with the total number of ordinary shares in issue now being 217,980,507. This repurchase may influence shareholder interests and transparency disclosures.

Positive

• Completion of share repurchase under the $1 billion program indicates strong financial health.
• Total shares held in Treasury increased to 14,190,675, potentially enhancing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 17, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 16, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

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

Number of shares repurchased: 23,419

Date of transaction: March 16, 2022

Price paid per share: £109.975740

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 14,190,675 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,980,507.

The figure of 217,980,507 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/0424F_1-2022-3-16.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

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SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/693462/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

When did Ferguson plc announce its share repurchase?

Ferguson plc announced the share repurchase on March 16, 2022.

How many shares did Ferguson plc repurchase?

Ferguson plc repurchased a total of 23,419 ordinary shares.

What was the price per share for the repurchase by Ferguson plc?

The price paid per share was £109.975740.

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

The remaining number of ordinary shares in issue is 217,980,507.

What does the share repurchase indicate about Ferguson plc's financial strategy?

The share repurchase indicates Ferguson plc's commitment to returning value to shareholders and maintaining strong financial health.