Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported the purchase of 109,435 ordinary shares between March 27 and March 31, 2023, as part of its $2.5 billion share repurchase program. The share buybacks were executed in the London Stock Exchange (XLON) at an average purchase price of approximately $106.50 per share. Following these transactions, Ferguson holds 26,823,647 shares in treasury, with a total of 205,347,535 ordinary shares remaining in issue. Shareholders should use this figure for notifying any interest changes under the Disclosure Guidance and Transparency Rules.

Positive

• Completed purchase of 109,435 shares as part of $2.5 billion repurchase program.
• Shares bought at a weighted average price near $106.50.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / April 4, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 109,435 of its ordinary shares in the period from March 27, 2023 up to and including March 31, 2023 in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
March 27, 2023	25,000	105.150000	XLON
March 28, 2023	24,435	106.550000	XLON
March 29, 2023	25,000	106.350000	XLON
March 30, 2023	15,000	107.061071	XLON
March 31, 2023	20,000	106.500000	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 26,823,647.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,347,535. The figure of 205,347,535 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/2335V_1-2023-4-3.pdf

For further information please contact:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Director of Investor Relations +1 757 603 0111

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/747486/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the total number of shares Ferguson purchased in the week of March 27, 2023?

Ferguson purchased a total of 109,435 ordinary shares.

What was the average purchase price of Ferguson's shares during the recent buyback?

The average purchase price was approximately $106.50 per share.

How many shares does Ferguson currently hold in treasury?

Ferguson currently holds 26,823,647 shares in treasury.

What is the total number of ordinary shares remaining in issue after the buyback?

There are 205,347,535 ordinary shares remaining in issue.

Which trading venue did Ferguson use for its recent share purchases?

Ferguson executed its share purchases on the London Stock Exchange (XLON).