Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 133,845 ordinary shares for £93.10 each on June 9, 2022, as part of its $2 billion share repurchase program. The company now holds 18,596,764 shares in treasury, with a total of 213,574,418 shares remaining in issue. This transaction is in line with Ferguson's strategy to return value to shareholders. Shareholders can use the total number of ordinary shares as the basis for any interest notifications under relevant regulations.

Positive

• Completion of share repurchase indicates strong cash flow and commitment to returning value to shareholders.
• Holding 18,596,764 shares in treasury may provide future financial flexibility.

Negative

• None.

WOKINGHAM, UK / ACCESSIWRE / June 10, 2022 / Ferguson plc (the "Company") announces that on June 09, 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: 133,845

Date of transaction: June 09, 2022

Price paid per share: £93.100000

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 18,596,764 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,574,418.

The figure of 213,574,418 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/3913O_1-2022-6-9.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/704621/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on June 9, 2022?

Ferguson plc repurchased 133,845 ordinary shares at £93.10 each on June 9, 2022.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 18,596,764 shares in treasury.

What is the total number of ordinary shares outstanding after the recent buyback?

After the buyback, the total number of ordinary shares outstanding is 213,574,418.

What is the purpose of Ferguson plc's share repurchase program?

The share repurchase program is designed to return value to shareholders.