Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announces a share repurchase of 50,000 ordinary shares at £92.08 each on April 20, 2021, as part of its $400 million program initiated on March 16, 2021. The company now holds a total of 8,018,177 shares in treasury, with 224,153,005 shares remaining in issue. This move allows shareholders to adjust their interest calculations under the Disclosure and Transparency Rules. The transaction was executed by Barclays Capital Securities Limited.

Positive

• Share repurchase program indicates confidence in the company's financial position.
• Holding shares in treasury may positively impact stock value by reducing supply.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 21, 2021 / Ferguson plc (the "Company") LSE:FERG)(NYSE:FERG) announces that on April 20, 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: 50,000

Date of transaction: April 20, 2021

Price paid per share: £92.080000

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 8,018,177 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,153,005

The figure of 224,153,005 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/0902W_1-2021-4-20.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/641470/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson (FERG)?

On April 20, 2021, Ferguson purchased 50,000 ordinary shares at £92.08 each as part of its $400 million buyback program.

How many shares does Ferguson currently hold in treasury?

Ferguson currently holds 8,018,177 shares in treasury after the recent repurchase.

What is the remaining number of ordinary shares in issue for Ferguson (FERG)?

After the recent share repurchase, the remaining ordinary shares in issue are 224,153,005.

Who executed the share repurchase for Ferguson (FERG)?

The share repurchase was executed by Barclays Capital Securities Limited.