Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the purchase of 86,590 of its ordinary shares at £125.266417 each on January 17, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the number of treasury shares held by the Company rose to 12,065,412, with a total of 220,105,770 ordinary shares remaining in circulation. This information is crucial for shareholders as they determine their disclosure obligations under the Disclosure and Transparency Rules.

Positive

• Repurchased 86,590 shares at £125.266417 each, indicating strong shareholder return strategy.
• Total shares in Treasury increased to 12,065,412, showing commitment to share repurchase plan.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 18, 2022 / Ferguson plc (the "Company") announces that on January 17, 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: 86,590

Date of transaction: January 17, 2022

Price paid per share: £125.266417

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 12,065,412 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,105,770.

The figure of 220,105,770 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/7277Y_1-2022-1-17.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/684233/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc repurchase on January 17, 2022?

Ferguson plc repurchased 86,590 shares on January 17, 2022.

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

The price paid per share was £125.266417.

What is the total number of treasury shares Ferguson plc holds after the repurchase?

After the repurchase, Ferguson plc holds a total of 12,065,412 treasury shares.

How many ordinary shares remain in circulation after the latest share repurchase?

Following the latest share repurchase, there are 220,105,770 ordinary shares remaining in circulation.

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

The share repurchase program is designed to enhance shareholder value by returning capital to shareholders.