Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 82,177 ordinary shares at a price of £102.05 each on April 25, 2022, as part of its £2 billion share repurchase program. The company now holds a total of 15,679,002 shares in treasury. Following this transaction, the remaining ordinary shares in circulation will be 216,492,180. This number is essential for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules. Full details regarding the repurchase are available in the attached announcement.

Positive

• Completion of share repurchase of 82,177 shares, reinforcing shareholder value.
• Total treasury shares increased to 15,679,002, signaling strong buyback support.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 26, 2022 / Ferguson plc (the "Company") announces that on April 25, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

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

Number of shares repurchased: 82,177

Date of transaction: April 25, 2022

Price paid per share: £102.050000

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 15,679,002 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,492,180.

The figure of 216,492,180 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/2781J_1-2022-4-25.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

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/698846/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares Ferguson plc repurchased on April 25, 2022?

Ferguson plc repurchased a total of 82,177 ordinary shares on April 25, 2022.

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

The price paid per share during the repurchase was £102.05.

How many shares does Ferguson plc currently hold in treasury after the buyback?

After the buyback, Ferguson plc holds a total of 15,679,002 shares in treasury.

What will be the remaining number of ordinary shares in issue for Ferguson plc?

Following the share repurchase, the remaining ordinary shares in issue will be 216,492,180.

Why is the number of ordinary shares in issue important for Ferguson plc shareholders?

This number is crucial for shareholders to calculate if they need to notify their interest changes under the Disclosure and Transparency Rules.