Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) has purchased 3,201 ordinary shares of 10 pence each on July 7, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were acquired at a price of £102.918434 per share through J.P. Morgan Securities plc. Ferguson now holds a total of 9,511,604 shares in Treasury. Following this transaction, the total number of ordinary shares outstanding will be 222,659,578. Shareholders can use this figure for interest notifications under the Disclosure and Transparency Rules.

Positive

• Repurchased 3,201 shares for Treasury under $400 million share buyback program.
• Total shares held in Treasury now stands at 9,511,604, potentially enhancing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 8, 2021 / Ferguson plc (the 'Company') (NYSE:FERG)(LSE:FERG) announces that on July 7, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 3,201

Date of transaction: July 7, 2021

Price paid per share: £102.918434

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 9,511,604 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,659,578.

The figure of 222,659,578 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/5273E_1-2021-7-7.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/654672/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on July 7, 2021?

Ferguson plc repurchased 3,201 ordinary shares of 10 pence each on July 7, 2021.

What was the purchase price for Ferguson's repurchased shares?

The shares were purchased at a price of £102.918434 each.

What is the total number of shares Ferguson plc holds in Treasury?

Ferguson plc now holds a total of 9,511,604 shares in Treasury.

How many ordinary shares are outstanding after the purchase by Ferguson plc?

Following the purchase, the total number of ordinary shares in issue will be 222,659,578.

What is the purpose of the share repurchase program by Ferguson plc?

The share repurchase program aims to enhance shareholder value by reducing the number of shares in circulation.