Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG) announced a share repurchase of 75,110 ordinary shares at a price of £118.50 each on November 23, 2021, as part of its $1 billion buyback program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 10,984,628 shares in Treasury. The total number of ordinary shares in issue is now 221,186,554, which shareholders can use to determine their interest under the Disclosure and Transparency Rules. The broker for this transaction was Barclays Capital Securities Limited.

Positive

• Share repurchase of 75,110 shares demonstrates confidence in the company's stock.
• Total shares in Treasury now at 10,984,628, indicating a strong share buyback initiative.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 24, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on November 23, 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: 75,110

Date of transaction: November 23, 2021

Price paid per share: £118.500000

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 10,984,628 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,186,554.

The figure of 221,186,554 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/3309T_1-2021-11-23.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/674521/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

On November 23, 2021, Ferguson plc repurchased 75,110 of its ordinary shares at a price of £118.50 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 10,984,628 shares in Treasury following its recent buyback.

What is the total number of ordinary shares in issue after the recent buyback?

The total number of ordinary shares in issue after the buyback is 221,186,554.

Who was the broker for Ferguson's recent share repurchase?

The broker for the recent share repurchase was Barclays Capital Securities Limited.

What is the significance of Ferguson's share repurchase program?

The share repurchase program, totaling $1 billion, indicates Ferguson's commitment to returning value to shareholders and confidence in its financial position.