Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the purchase of 47,241 ordinary shares at a price of £113.32 each as part of its $1 billion share repurchase program initiated on September 28, 2021. This transaction took place on January 25, 2022. After this purchase, Ferguson holds a total of 12,358,875 shares in Treasury, reducing the number of ordinary shares in issue to 219,812,307. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.

Positive

• Committed to a $1 billion share repurchase program.
• Reduces the number of ordinary shares in circulation, potentially increasing share value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / January 26, 2022 / Ferguson plc (the "Company") announces that on January 25, 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: 47,241

Date of transaction: January 25, 2022

Price paid per share: £113.323928

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 12,358,875 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,812,307.

The figure of 219,812,307 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/6179Z_1-2022-1-25.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/685547/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share buyback announcement by Ferguson plc?

Ferguson plc announced the purchase of 47,241 ordinary shares at £113.32 each on January 25, 2022, as part of its $1 billion share repurchase program.

How many shares does Ferguson plc hold in Treasury after the latest buyback?

After the latest buyback, Ferguson plc holds a total of 12,358,875 shares in Treasury.

What is the total number of ordinary shares in issue for Ferguson plc?

Following the buyback, the total number of ordinary shares in issue for Ferguson plc is 219,812,307.

When did Ferguson plc initiate its share repurchase program?

Ferguson plc initiated its $1 billion share repurchase program on September 28, 2021.

Who was the broker involved in Ferguson plc's recent share repurchase?

The broker involved in Ferguson plc's recent share repurchase was J.P. Morgan Securities plc.