Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 45,000 ordinary shares at £98.62 each on June 7, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, the total number of shares held in Treasury has reached 8,847,099, while the remaining shares in issue will be 223,324,083. This updated share count will serve as the denominator for shareholder notifications under the Disclosure and Transparency Rules. For more details, please refer to the attached documentation.

Positive

• Completed repurchase of 45,000 shares at £98.62 each, reinforcing commitment to shareholder value.
• Total shares held in Treasury now stand at 8,847,099, indicating an ongoing share buyback strategy.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 8, 2021 / Ferguson plc (the 'Company') announces that on June 07, 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: 45,000

Date of transaction: June 07, 2021

Price paid per share: £98.62

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 8,847,099 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,324,083

The figure of 223,324,083 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/0918B_1-2021-6-7.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/650821/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount announced by Ferguson plc on June 7, 2021?

Ferguson plc announced the repurchase of 45,000 ordinary shares at £98.62 each as part of a $400 million share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 8,847,099 shares in Treasury after the recent repurchase.

What is the total number of ordinary shares in issue for Ferguson plc after the repurchase?

After the repurchase, the total number of ordinary shares in issue for Ferguson plc is 223,324,083.

What does the share repurchase mean for Ferguson plc shareholders?

The share repurchase indicates Ferguson plc's commitment to return value to shareholders and can potentially increase earnings per share.

When was the share repurchase program for Ferguson plc initially announced?

The share repurchase program for Ferguson plc was initially announced on March 16, 2021.