Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 150,000 ordinary shares at a price of £96.78 each, as part of its $2 billion share repurchase program. The transaction took place on April 6, 2022. Following this purchase, the company holds 15,100,299 shares in Treasury. The total number of ordinary shares now issued stands at 217,070,883.

This repurchase initiative is part of Ferguson's strategy to enhance shareholder value. Detailed transaction information is provided in accordance with market regulations.

Positive

• Commitment to returning capital to shareholders through a $2 billion share repurchase program.
• Reduction of outstanding shares, potentially increasing earnings per share and shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April, 7 2022 / Ferguson plc (the "Company") announces that on April 6, 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: 150,000

Date of transaction: April 6, 2022

Price paid per share: £96.780000

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 15,100,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,070,883.

The figure of 217,070,883 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/5402H_1-2022-4-6.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/696453/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase did Ferguson plc announce?

Ferguson plc announced the repurchase of 150,000 ordinary shares at £96.78 each on April 6, 2022.

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

After the recent share repurchase, Ferguson plc holds 15,100,299 shares in Treasury.

What is the total number of ordinary shares issued by Ferguson plc after the repurchase?

The total number of ordinary shares issued by Ferguson plc after the repurchase is 217,070,883.

What is the significance of the share repurchase for Ferguson plc's shareholders?

The share repurchase is intended to enhance shareholder value by reducing the number of outstanding shares.

What was the price per share for the recent repurchase by Ferguson plc?

The price paid per share during the recent repurchase by Ferguson plc was £96.78.