Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 46,522 of its ordinary shares for treasury as part of its $2 billion share repurchase program on May 23, 2022. The shares were purchased at £94.501557 each, with Barclays Capital Securities Limited acting as the broker. Following this transaction, Ferguson holds a total of 17,488,479 shares in treasury, leaving 214,682,703 ordinary shares in issue. This announcement is in accordance with the Market Abuse Regulation and allows shareholders to calculate their interests under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase reinforces management's commitment to return capital to shareholders.
• The ongoing repurchase program may enhance shareholder value by reducing the number of shares outstanding.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 24, 2022 / Ferguson plc (the "Company") announces that on May 23, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 46,522

Date of transaction: May 23, 2022

Price paid per share: £94.501557

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 17,488,479 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,682,703.

The figure of 214,682,703 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/5044M_1-2022-5-23.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/702438/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase amount?

Ferguson plc repurchased 46,522 ordinary shares as part of its $2 billion share repurchase program.

What price did Ferguson plc pay for its repurchased shares?

Ferguson plc purchased its shares at a price of £94.501557 each.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds a total of 17,488,479 shares in treasury.

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

After the repurchase, there are 214,682,703 ordinary shares in issue for Ferguson plc.