Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a share repurchase transaction on March 3, 2022, acquiring 72,521 ordinary shares at a price of £112.95 each as part of its $1 billion share repurchase program initiated on September 28, 2021. As of this transaction, the company holds a total of 13,599,421 shares in treasury, with the total number of ordinary shares remaining in circulation at 218,571,761. This repurchase is in line with regulatory requirements for shareholder interest notifications.

Positive

• The company continues its $1 billion share repurchase program, indicating strong financial health.
• The repurchase reduces the number of outstanding shares, potentially increasing earnings per share for remaining shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 4, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 3, 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: 72,521

Date of transaction: March 3, 2022

Price paid per share: £112.950000

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 13,599,421 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,571,761.

The figure of 218,571,761 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/6018D_1-2022-3-3.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/691524/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase did Ferguson plc announce?

Ferguson plc announced the repurchase of 72,521 ordinary shares on March 3, 2022.

What was the price paid for shares in the recent Ferguson plc repurchase?

Ferguson plc paid £112.95 per share for the recent repurchase.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc now holds 13,599,421 shares in treasury.

What is the total number of ordinary shares remaining after the recent Ferguson plc repurchase?

After the repurchase, the total number of ordinary shares remaining is 218,571,761.

When did Ferguson plc initiate its $1 billion share repurchase program?

The $1 billion share repurchase program was initiated on September 28, 2021.