Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on November 1, 2021, buying 370 ordinary shares for £111.01 each. This purchase is part of a $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson holds 10,558,263 shares in Treasury, with 221,612,919 ordinary shares remaining in issue. This figure is significant for shareholders as it serves as the denominator for interest calculations under the Disclosure and Transparency Rules.

Positive

• Initiation of a $1,000 million share repurchase program supports shareholder value.
• Acquisition of 370 shares reflects commitment to share buybacks.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / November 2, 2021 / Ferguson plc (the "Company") announces that on November 01, 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: 370

Date of transaction: November 01, 2021

Price paid per share: £111.014240

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 10,558,263 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,612,919.

The figure of 221,612,919 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/9807Q_1-2021-11-1.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/670700/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

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

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

How many shares did Ferguson repurchase on November 1, 2021?

Ferguson repurchased 370 ordinary shares on November 1, 2021.

What was the price paid per share in the latest Ferguson buyback?

Ferguson paid £111.01 per share during the buyback on November 1, 2021.

How many shares does Ferguson hold in Treasury after the latest transaction?

After the latest transaction, Ferguson holds 10,558,263 shares in Treasury.

What is the total number of Ferguson's ordinary shares after the buyback?

The total number of ordinary shares in issue after the buyback is 221,612,919.