Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 53,249 ordinary shares for treasury at a price of £91.331212 on April 15, 2021, under its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, the total treasury shares amount to 7,912,156, while the total shares in issue drops to 224,259,026. This information is crucial for shareholders for notifications under the Disclosure and Transparency Rules.

Positive

• Completed purchase of 53,249 shares at £91.33 each, reinforcing share buyback strategy.
• Total treasury shares increased to 7,912,156, indicating a strong commitment to returning capital to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 16, 2021 / Ferguson plc (the "Company") announces that on April 15, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 53,249

Date of transaction: April 15, 2021

Price paid per share: £91.331212

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 7,912,156 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,259,026

The figure of 224,259,026 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/6535V_1-2021-4-15.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/640678/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What share repurchase program did Ferguson announce in April 2021?

Ferguson announced a $400 million share repurchase program on March 16, 2021.

How many shares did Ferguson repurchase on April 15, 2021?

Ferguson repurchased 53,249 ordinary shares on April 15, 2021.

What was the price per share for the Ferguson repurchase on April 15, 2021?

The price paid per share during the repurchase was £91.331212.

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

After the repurchase, the total number of ordinary shares in issue is 224,259,026.

How many shares does Ferguson hold in treasury after the repurchase?

Ferguson now holds a total of 7,912,156 shares in treasury.