Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced the repurchase of 29,232 ordinary shares at a price of £113.55 each on March 2, 2022, as part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. The company plans to hold these shares in treasury. With this transaction, Ferguson now holds 13,526,900 shares in treasury, leaving 218,644,282 ordinary shares outstanding. This number will be essential for shareholders to determine their obligations under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase indicates management’s confidence in the company's valuation.
• Continued execution of the $1,000 million share repurchase program reinforces shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 3, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 2, 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: 29,232

Date of transaction: March 2, 2022

Price paid per share: £113.550000

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 13,526,900 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,644,282.

The figure of 218,644,282 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/4419D_1-2022-3-2.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/691349/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc repurchase on March 2, 2022?

Ferguson plc repurchased 29,232 ordinary shares on March 2, 2022.

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

The price paid per share was £113.55.

What is the total number of shares Ferguson plc holds in treasury after the recent repurchase?

Ferguson plc holds a total of 13,526,900 shares in treasury following the recent repurchase.

How many ordinary shares of Ferguson plc are currently issued?

The total number of ordinary shares currently issued is 218,644,282.

What is the significance of the remaining shares number for Ferguson plc shareholders?

The remaining number of shares is used by shareholders to determine their notification obligations under the Disclosure and Transparency Rules.