Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced on March 8, 2022, the repurchase of 272,178 ordinary shares at a price of £105.15 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the company holds a total of 14,037,590 shares in Treasury. The remaining number of ordinary shares in circulation will be 218,133,592. This figure will assist shareholders in notifying any changes in their interests in the company according to the Disclosure and Transparency Rules.

Positive

• Completed repurchase of 272,178 shares under the buyback program.
• Total shares in Treasury increased to 14,037,590, indicating confidence in share value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 9, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 8, 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: 272,178

Date of transaction: March 8, 2022

Price paid per share: £105.150000

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 14,037,590 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,133,592.

The figure of 218,133,592 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/0962E_1-2022-3-8.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/692172/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase did Ferguson plc announce?

Ferguson plc announced the repurchase of 272,178 ordinary shares on March 8, 2022.

What was the price paid per share in Ferguson's recent transaction?

The price paid per share was £105.15.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 14,037,590 shares in Treasury.

What is the remaining number of ordinary shares in circulation for Ferguson plc?

The remaining number of ordinary shares in circulation will be 218,133,592.

When was Ferguson plc's share repurchase program initiated?

The share repurchase program was initiated on September 28, 2021.