Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 37,254 ordinary shares on February 16, 2022, as part of its ongoing $1 billion share repurchase program initiated on September 28, 2021. The shares were bought at a price of £110.55 each. After this transaction, the total number of treasury shares held by the company is 13,143,642. Following the repurchase, there are 219,027,540 ordinary shares remaining in circulation. This move aims to enhance shareholder value and may impact future calculations regarding shareholder interests under Disclosure and Transparency Rules.

Positive

• The company repurchased 37,254 shares at £110.55, signaling a commitment to shareholder value.
• The share repurchase program is part of a larger $1 billion initiative, indicating strong financial backing.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 17, 2022 / Ferguson plc (the "Company") announces that on February 16, 2022 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: 37,254

Date of transaction: February 16, 2022

Price paid per share: £110.550000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 13,143,642 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,027,540.

The figure of 219,027,540 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/9244B_1-2022-2-16.pdf

For further information, please contact:

Ferguson plc

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/689224/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase transaction?

Ferguson plc repurchased 37,254 ordinary shares on February 16, 2022, as part of its $1 billion buyback program.

How much did Ferguson plc pay for its repurchased shares?

Ferguson plc paid £110.55 per share for the repurchased ordinary shares.

What is the total number of shares Ferguson plc holds in treasury after the repurchase?

After the repurchase, Ferguson plc holds a total of 13,143,642 shares in treasury.

How many ordinary shares are in circulation after Ferguson plc's buyback?

After the buyback, there are 219,027,540 ordinary shares remaining in circulation.