Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 50,000 of its ordinary shares at a price of £92.82 per share on April 23, 2021. This transaction is part of its ongoing $400 million share buyback program initiated on March 16, 2021.

The company intends to hold these shares in Treasury, increasing its total Treasury shares to 8,156,925. Following this purchase, there will be 224,014,257 ordinary shares issued. This number will be used by shareholders for calculating notification obligations under Disclosure and Transparency Rules.

Positive

• Successful repurchase of 50,000 shares supports share price.
• Increased total Treasury shares to 8,156,925, indicating confidence in the company's value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 26, 2021 / Ferguson plc (the "Company") announces that on April 23, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 50,000

Date of transaction: April 23, 2021

Price paid per share: £92.820000

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 8,156,925 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,014,257

The figure of 224,014,257 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/5052W_1-2021-4-23.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/642129/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What share repurchase program is Ferguson plc currently implementing?

Ferguson plc is implementing a $400 million share repurchase program as announced on March 16, 2021.

How many shares did Ferguson plc repurchase on April 23, 2021?

Ferguson plc repurchased 50,000 ordinary shares on April 23, 2021.

What was the price per share for the recent Ferguson plc buyback?

The price paid per share for the recent buyback was £92.82.

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

After the buyback, Ferguson plc holds a total of 8,156,925 shares in Treasury.

What is the total number of ordinary shares in issue after Ferguson's recent transaction?

Following the transaction, the total number of ordinary shares in issue will be 224,014,257.