Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 16,021 ordinary shares at £92.78 each on April 16, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. This purchase increases the total shares held in treasury to 7,928,177, leaving 224,243,005 shares in circulation. This transaction aligns with Ferguson's strategy to enhance shareholder value through share buybacks, providing a clear denominator for shareholder interest calculations under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase of 16,021 shares increases treasury holdings to 7,928,177.
• Share repurchase program reflects commitment to increasing shareholder value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 19, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on April 16, 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: 16,021

Date of transaction: April 16, 2021

Price paid per share: £92.781415

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 7,928,177 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,243,005

The figure of 224,243,005 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/7976V_1-2021-4-16.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/640982/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

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

Ferguson plc repurchased 16,021 ordinary shares at a price of £92.78 each on April 16, 2021, under its $400 million share repurchase program.

How many shares does Ferguson plc currently hold in treasury?

Following the recent buyback, Ferguson plc holds a total of 7,928,177 shares in treasury.

What is the total number of ordinary shares in circulation for Ferguson plc (FERG) after the buyback?

After the repurchase, the number of ordinary shares in circulation is 224,243,005.

What is the significance of the share repurchase for Ferguson plc (FERG) shareholders?

The share repurchase program is intended to enhance shareholder value and provides a clear denominator for shareholders to assess their interest in the company.