Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced the purchase of 39,996 ordinary shares on March 30, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were bought at a price of £87.804305 each, with Barclays Capital Securities Limited as the broker. Following this transaction, Ferguson holds a total of 7,470,565 shares in Treasury. The total number of ordinary shares in issue will now be 224,700,617, which shareholders can use to assess their interest under the Disclosure and Transparency Rules.

Positive

• Ferguson repurchased 39,996 shares, reducing the outstanding shares.
• Company holds a total of 7,470,565 shares in Treasury, potentially supporting share value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 31, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 30, 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: 39,996

Date of transaction: March 30, 2021

Price paid per share: £87.804305

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 7,470,565 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,700,617.

The figure of 224,700,617 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/0312U_1-2021-3-30.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/638296/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount announced by Ferguson plc?

Ferguson plc announced a $400 million share repurchase program.

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

Ferguson plc repurchased 39,996 shares on March 30, 2021.

What was the price paid per share for the repurchased Ferguson shares?

The price paid per share was £87.804305.

Who was the broker for Ferguson's share repurchase?

The broker for Ferguson's share repurchase was Barclays Capital Securities Limited.

What is the total number of ordinary shares in issue after the repurchase?

After the repurchase, the total number of ordinary shares in issue is 224,700,617.