Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced a share repurchase of 22,273 ordinary shares at £101.337025 each on June 29, 2021, as part of its $400 million buyback program initiated on March 16, 2021. The total shares held in Treasury now amount to 9,375,602, with 222,795,580 ordinary shares remaining in circulation. This transaction aligns with Ferguson's commitment to return capital to shareholders, and those interested in changes to their shareholding must refer to the updated share count for compliance with disclosure rules.

Positive

• Implemented a share repurchase program to enhance shareholder value.
• Acquisition of 22,273 shares demonstrates confidence in company valuation.
• Total shares in Treasury now at 9,375,602, indicating strong capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 30, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the 'Company') announces that on June 29, 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: 22,273

Date of transaction: June 29, 2021

Price paid per share: £101.337025

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 9,375,602 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,795,580.

The figure of 222,795,580 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/5493D_1-2021-6-29.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/653659/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What share repurchase did Ferguson plc announce on June 29, 2021?

Ferguson plc announced the repurchase of 22,273 ordinary shares at a price of £101.337025 each as part of its $400 million share buyback program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 9,375,602 shares in Treasury following the recent repurchase.

What is the total number of ordinary shares in circulation after the repurchase?

After the repurchase, the total number of ordinary shares in circulation is 222,795,580.

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

The share repurchase program is aimed at enhancing shareholder value by returning capital to shareholders.

Where can I find more information about Ferguson plc's recent share repurchase?

Further details can be found in the official announcement linked in the press release.