Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 30,000 ordinary shares at a price of £102.975050 per share on October 13, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, the company holds a total of 10,256,794 shares in Treasury, with 221,914,388 ordinary shares remaining in issue. This figure serves as a denominator for shareholder interest calculations under the Disclosure and Transparency Rules. The shares are held in Treasury and no immediate effect on market performance is indicated.

Positive

• The share repurchase indicates strong capital management and a commitment to returning value to shareholders.
• The ongoing share buyback program of $1 billion suggests confidence in the company's financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 14, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on October 13, 2021 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: 30,000

Date of transaction: October 13, 2021

Price paid per share: £102.975050

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 10,256,794 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,914,388.

The figure of 221,914,388 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/0049P_1-2021-10-13.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/668077/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase announcement?

Ferguson plc announced the repurchase of 30,000 ordinary shares on October 13, 2021, at a price of £102.975050 each as part of a $1 billion share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 10,256,794 shares in Treasury following their recent repurchase.

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

After the share repurchase, the total number of ordinary shares in issue will be 221,914,388.

What price did Ferguson plc pay for its repurchased shares?

Ferguson plc paid £102.975050 for each repurchased share.

When was the share repurchase by Ferguson plc executed?

The share repurchase by Ferguson plc was executed on October 13, 2021.