Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced on April 26, 2021, the repurchase of 27,426 ordinary shares at a price of £92.26 each under its $400 million share repurchase program initiated on March 16, 2021. The company now holds a total of 8,184,351 shares in Treasury. Following this transaction, the total number of ordinary shares in issue is 223,986,831. This information provides shareholders with a denominator for determining their interest under the Disclosure and Transparency Rules.

Positive

• Executed a share repurchase of 27,426 shares, reflecting confidence in company valuation.
• Continues to hold a significant number of shares (8,184,351) in Treasury, implying potential for shareholder value enhancement.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 27, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG)announces that on April 26, 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: 27,426

Date of transaction: April 26, 2021

Price paid per share: £92.260000

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 8,184,351 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,986,831

The figure of 223,986,831 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/6401W_1-2021-4-26.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/642426/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on April 26, 2021?

Ferguson plc repurchased 27,426 ordinary shares at a price of £92.26 each.

What is the total number of ordinary shares in issue for Ferguson plc after the repurchase?

After the repurchase, the total number of ordinary shares in issue is 223,986,831.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 8,184,351 shares in Treasury.

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

The share repurchase program aims to enhance shareholder value and reflects the company's confidence in its valuation.

What amount was allocated for Ferguson plc's share repurchase program?

Ferguson plc's share repurchase program has an allocation of $400 million.