Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announces the repurchase of 30,000 ordinary shares at a price of £103.35 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. The transaction occurred on September 30, 2021, and the shares will be held in Treasury. With this purchase, the total number of shares held in Treasury rises to 9,890,681, leaving 222,280,501 ordinary shares in circulation. This information is critical for shareholders and others regarding their notification obligations under the Disclosure and Transparency Rules.

Positive

• Initiation of a $1,000 million share repurchase program, indicating strong financial positioning.
• Purchase of 30,000 shares bolsters the company's strategy to enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 1, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on September 30, 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: September 30, 2021

Price paid per share: £103.350000

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 9,890,681 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,280,501.

The figure of 222,280,501 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/6377N_1-2021-9-30.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/666366/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the amount of the share repurchase program announced by Ferguson plc?

Ferguson plc announced a share repurchase program amounting to $1,000 million.

How many shares did Ferguson plc repurchase on September 30, 2021?

On September 30, 2021, Ferguson plc repurchased 30,000 ordinary shares.

What is the price paid per share in the recent Ferguson plc buyback?

The price paid per share in the recent Ferguson plc buyback was £103.35.

What will happen to the repurchased shares by Ferguson plc?

The repurchased shares by Ferguson plc will be held in Treasury.

How many ordinary shares remain in circulation for Ferguson plc after the recent buyback?

After the recent buyback, there are 222,280,501 ordinary shares remaining in circulation for Ferguson plc.