Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 110,000 ordinary shares as part of its $2 billion share repurchase program on June 22, 2022. The shares were acquired at a price of £87.92 each. Following this transaction, Ferguson holds 19,844,176 shares in Treasury and the total number of ordinary shares in issue stands at 212,327,006. This information will assist shareholders in determining their interest notifications under the Disclosure and Transparency Rules.

Positive

• Repurchased 110,000 shares, reinforcing shareholder value.
• Part of a significant $2 billion share repurchase program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 23, 2022 / Ferguson plc (the "Company") announces that on June 22, 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: 110,000

Date of transaction: June 22, 2022

Price paid per share: £87.920000

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 19,844,176 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 212,327,006.

The figure of 212,327,006 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/8662P_1-2022-6-22.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/706267/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 110,000 ordinary shares at £87.92 each on June 22, 2022, as part of its $2 billion program.

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

Following the buyback, Ferguson plc holds 19,844,176 shares in Treasury.

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

After the repurchase, the total number of ordinary shares in issue is 212,327,006.

How does the share buyback impact Ferguson plc shareholders?

The share buyback is expected to enhance shareholder value by reducing the number of shares outstanding.