Ferguson PLC Announces Transaction in Own Shares
Ferguson announced a repurchase of 153,000 ordinary shares at £86.80 each on June 16, 2022, as part of its $2 billion share repurchase program. The shares will be held in Treasury, increasing the total treasury shares to 19,271,176. After this transaction, the number of ordinary shares in issue will be 212,900,006, which shareholders can use to assess their interests under the Disclosure and Transparency Rules. Detailed information about individual purchases is included in the announcement.
- Repurchase of 153,000 shares enhances shareholder value under the $2 billion program.
- Total treasury shares now stand at 19,271,176, indicating solid capital management.
- None
WOKINGHAM, UK / ACCESSWIRE / June 17, 2022 / Ferguson plc (the "Company") announces that on June 16, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its
Description of shares: Ferguson plc - ordinary shares of 10 pence
Number of shares repurchased: 153,000
Date of transaction: June 16, 2022
Price paid per share: £86.800000
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 19,271,176 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 212,900,006.
The figure of 212,900,006 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/2100P_1-2022-6-16.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/705502/Ferguson-PLC-Announces-Transaction-in-Own-Shares
FAQ
What was the share repurchase amount for Ferguson on June 16, 2022?
How many treasury shares does Ferguson hold after the recent transaction?
What is the remaining number of ordinary shares in issue for Ferguson?
What is the purpose of repurchasing shares for Ferguson?
