Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on June 8, 2021, the purchase of 30,000 ordinary shares at a price of £98.80 each as part of its $400 million share repurchase program initiated on March 16, 2021. The shares will be held in Treasury, increasing the total treasury shares to 8,877,099. The total number of ordinary shares in issue will now stand at 223,294,083. This buyback represents a strategic move to enhance shareholder value and adjust the capital structure.

Positive

• Completed repurchase of 30,000 shares at £98.80 each.
• Total treasury shares increased to 8,877,099, signaling confidence in stock value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 9, 2021 / Ferguson plc (the 'Company') announces that on June 08, 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: 30,000

Date of transaction: June 08, 2021

Price paid per share: £98.80

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 8,877,099 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,294,083

The figure of 223,294,083 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/2298B_1-2021-6-8.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/651008/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson's share repurchase on June 8, 2021?

Ferguson repurchased shares to enhance shareholder value as part of a $400 million share repurchase program.

How many shares did Ferguson purchase on June 8, 2021?

Ferguson purchased 30,000 ordinary shares on June 8, 2021.

What is the price paid per share in Ferguson's recent buyback?

The price paid per share in Ferguson's recent buyback was £98.80.

What is the total number of ordinary shares in issue after Ferguson's buyback?

After the buyback, the total number of ordinary shares in issue is 223,294,083.

How many treasury shares does Ferguson hold after the repurchase?

After the repurchase, Ferguson holds a total of 8,877,099 treasury shares.