Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 100,000 ordinary shares for treasury as part of its $2 billion share repurchase program, dated May 20, 2022. The shares were purchased at a price of £93.32 each through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 17,441,957 shares in treasury, while the total number of ordinary shares in circulation is now 214,729,225. Shareholders can use this figure to assess their interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase program shows strong commitment to returning value to shareholders.
• The repurchase of shares can enhance earnings per share by reducing the number of shares outstanding.

Negative

• None.

WOKINGHAM, ENGLAND / ACCESSWIRE / May 23, 2022 / Ferguson plc (the "Company") announces that on May 20, 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: 100,000

Date of transaction: May 20, 2022

Price paid per share: £93.320000

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 17,441,957 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,729,225.

The figure of 214,729,225 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/3336M_1-2022-5-20.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/702230/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was announced by Ferguson plc on May 20, 2022?

Ferguson plc announced the repurchase of 100,000 ordinary shares for treasury as part of its $2 billion share repurchase program.

What was the price paid per share in the repurchase by Ferguson plc?

The price paid per share for the repurchased shares was £93.32.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds a total of 17,441,957 shares in treasury after the recent repurchase.

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

The remaining number of ordinary shares in issue is 214,729,225.