Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 40,000 ordinary shares at a price of £103.44 each on October 7, 2021, as part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, bringing the total number of shares in Treasury to 10,110,681. Following this transaction, the total number of ordinary shares in issue will be 222,060,501, which shareholders can use to determine their disclosure obligations under the relevant rules.

Positive

• Share repurchase demonstrates confidence in company's financial health.
• Total shares in Treasury increased, which may enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 8, 2021 / Ferguson plc (the "Company") announces that on October 07, 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: October 07, 2021

Price paid per share: £103.444693

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 10,110,681 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,060,501.

The figure of 222,060,501 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/4234O_1-2021-10-7.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/667322/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the total number of shares repurchased by Ferguson plc on October 7, 2021?

Ferguson plc repurchased a total of 40,000 ordinary shares on October 7, 2021.

What price did Ferguson plc pay for its shares repurchased on October 7, 2021?

The price paid per share was £103.444693.

What is the remaining number of ordinary shares in issue after the recent repurchase by Ferguson plc?

After the repurchase, the remaining number of ordinary shares in issue will be 222,060,501.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds a total of 10,110,681 shares in Treasury.

What is the total budget for Ferguson plc's share repurchase program?

The total budget for Ferguson plc's share repurchase program is $1,000 million.