Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a share repurchase of 52,573 ordinary shares at a price of £114.90 each on January 28, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. This purchase brings the total shares held in Treasury to 12,490,732, with the remaining shares in circulation totaling 219,680,450. The company intends to keep these shares in Treasury, impacting shareholder calculations for interest notifications.

Positive

• Completion of share repurchase program as planned
• Total shares held in Treasury increases to 12,490,732, demonstrating effective capital management

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 31, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on January 28, 2022 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: 52,573

Date of transaction: January 28, 2022

Price paid per share: £114.900000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 12,490,732 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,680,450.

The figure of 219,680,450 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/0466A_1-2022-1-28.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/686331/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the purpose of Ferguson plc's recent share repurchase?

Ferguson plc is repurchasing shares to manage capital effectively and reduce the number of shares in circulation.

How many shares did Ferguson plc repurchase on January 28, 2022?

Ferguson plc repurchased 52,573 ordinary shares on January 28, 2022.

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

The price paid per share in the latest repurchase was £114.90.

How many total shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds a total of 12,490,732 shares in Treasury.

What is the significance of the remaining shares in circulation for Ferguson plc?

The remaining shares in circulation amount to 219,680,450, which is important for shareholder interest notifications.