Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 47,738 ordinary shares at a price of £127.53 each on December 17, 2021, as part of its $1,000 million share repurchase program. After this transaction, Ferguson holds 11,442,177 shares in Treasury, leaving 220,729,005 shares in circulation. This figure assists shareholders in determining their reporting obligations under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase reinforces shareholder value.
• Total shares in Treasury now at 11,442,177 indicates a strong commitment to the buyback program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 20, 2021 / Ferguson plc (the "Company") announces that on December 17, 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: 47,738

Date of transaction: December 17, 2021

Price paid per share: £127.533163

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 11,442,177 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,729,005.

The figure of 220,729,005 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/1130W_1-2021-12-19.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/678544/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on December 17, 2021?

Ferguson plc repurchased 47,738 ordinary shares at a price of £127.53 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 11,442,177 shares in Treasury after the latest repurchase.

What is the remaining number of ordinary shares in circulation for Ferguson plc?

The remaining number of ordinary shares in circulation for Ferguson plc is 220,729,005.

What is the money allocated for Ferguson plc's share repurchase program?

Ferguson plc's share repurchase program has an allocation of $1,000 million.

Who brokered the share repurchase for Ferguson plc?

The share repurchase for Ferguson plc was brokered by Barclays Capital Securities Limited.