Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 80,000 ordinary shares at a price of £91.656411 each on May 13, 2021, as part of a $400 million share repurchase program initiated on March 16, 2021. Following this transaction, the total shares held in Treasury will be 8,645,802, with 223,525,380 ordinary shares remaining in circulation. This repurchase is intended to support shareholder value and may affect future notifications related to share interests under the Disclosure and Transparency Rules.

Positive

• Initiated a $400 million share repurchase program, signaling confidence in company value.
• Share buyback could enhance shareholder value by reducing the number of outstanding shares.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 14, 2021 / Ferguson plc (the "Company") announces that on May 13, 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: 80,000

Date of transaction: May 13, 2021

Price paid per share: £91.656411

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 8,645,802 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,525,380

The figure of 223,525,380 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/6047Y_1-2021-5-13.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/647377/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share buyback announcement by Ferguson plc on May 13, 2021?

Ferguson plc announced the repurchase of 80,000 ordinary shares at £91.656411 each as part of its $400 million share repurchase program.

How many shares are currently held in Treasury by Ferguson plc?

Ferguson plc now holds 8,645,802 shares in Treasury following the recent buyback.

How will the share buyback affect the total number of ordinary shares in circulation?

After the buyback, the number of ordinary shares in issue will be 223,525,380.

What date was the Ferguson plc share buyback completed?

The share buyback was completed on May 13, 2021.