Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a share repurchase transaction, purchasing 30,000 ordinary shares at a price of £91.48 each on April 28, 2021, as part of its $400 million program initiated on March 16, 2021. Following this transaction, Ferguson holds 8,216,115 shares in treasury, with a remaining 223,955,067 ordinary shares in issue. This figure will assist shareholders in notifying changes in their interests under the Disclosure and Transparency Rules. Detailed information on the purchases is attached to the announcement.

Positive

• Commenced a $400 million share repurchase program.
• Repurchased 30,000 ordinary shares, reflecting confidence in the company.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 29, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on April 28, 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: April 28, 2021

Price paid per share: £91.4800

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 8,216,115 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,955,067

The figure of 223,955,067 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/9761W_1-2021-4-28.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/643218/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase amount by Ferguson plc?

Ferguson plc repurchased 30,000 ordinary shares at £91.48 each.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds a total of 8,216,115 shares in treasury after the recent purchase.

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

The share repurchase program aims to return value to shareholders and reflects management's confidence in the company.

When was the share repurchase transaction conducted?

The share repurchase transaction was conducted on April 28, 2021.

How many ordinary shares are in issue after the recent repurchase?

After the repurchase, there are 223,955,067 ordinary shares in issue.