Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 40,000 ordinary shares at a price of £111.80 each on November 3, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021.

With this purchase, Ferguson now holds 10,614,063 shares in Treasury, while the total number of ordinary shares in circulation is 221,557,119. This transaction is in alignment with the company’s capital management strategy and provides shareholders with a reliable denominator for interest notifications under the Disclosure and Transparency Rules.

Positive

• Repurchase of 40,000 shares indicates strong capital management.
• Share repurchase program valued at $1,000 million supports shareholder value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / November 4, 2021 /

Ferguson plc (the "Company") announces that on November 03, 2021 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: 40,000

Date of transaction: November 03, 2021

Price paid per share: £111.800000

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 10,614,063 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,557,119.

The figure of 221,557,119 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/2710R_1-2021-11-3.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/671128/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on November 3, 2021?

Ferguson plc repurchased 40,000 ordinary shares at £111.80 each.

What is the total number of shares held in Treasury by Ferguson plc after the repurchase?

After the repurchase, Ferguson plc holds 10,614,063 shares in Treasury.

How many ordinary shares are in circulation after Ferguson plc's recent share buyback?

The total number of ordinary shares in circulation is 221,557,119.

What was the value of Ferguson plc's share repurchase program announced on September 28, 2021?

The share repurchase program is valued at $1,000 million.