Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced the repurchase of 16,962 ordinary shares at a price of £96.34 each on June 2, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. With this transaction, Ferguson now holds 8,790,664 shares in Treasury, leaving 223,380,518 ordinary shares in circulation. This repurchase aims to enhance shareholder value and may influence future interest disclosures under the Disclosure and Transparency Rules.

Positive

• Share repurchase of 16,962 shares under a $400 million program indicates confidence in future performance.
• Total shares held in Treasury post-purchase increases to 8,790,664, potentially enhancing share value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 3, 2021 / Ferguson plc (the "Company")(LSE:FERG)(NYSE:FERG) announces that on June 02, 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: 16,962

Date of transaction: June 02, 2021

Price paid per share: £96.336774

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 8,790,664 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,380,518

The figure of 223,380,518 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/6426A_1-2021-6-2.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/650216/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on June 2, 2021?

Ferguson plc repurchased 16,962 ordinary shares of 10 pence each.

What was the price paid per share in the Ferguson plc repurchase?

The price paid per share was £96.336774.

How many shares does Ferguson plc hold in Treasury after the repurchase?

After the repurchase, Ferguson plc holds 8,790,664 shares in Treasury.

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

The remaining number of ordinary shares in issue is 223,380,518.

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

The program aims to enhance shareholder value.