Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 56,012 ordinary shares at a price of £102.05 per share on July 8, 2021, under its $400 million share repurchase program initiated on March 16, 2021. The company holds a total of 9,565,393 shares in Treasury post-transaction. The current number of ordinary shares in issue is now 222,605,789. This figure serves as the denominator for shareholders' notification obligations under the Disclosure and Transparency Rules.

Positive

• Share repurchase demonstrates confidence in company value.
• Support for stock price by reducing the number of shares in circulation.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 9, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on July 8, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 56,012

Date of transaction: July 8, 2021

Price paid per share: £102.050000

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 9,565,393 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,605,789.

The figure of 222,605,789 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/6780E_1-2021-7-8.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/654833/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What does Ferguson plc's recent share repurchase mean for investors?

The share repurchase indicates management's confidence in the company's value, potentially supporting the stock price by reducing shares in circulation.

How many shares did Ferguson plc repurchase on July 8, 2021?

Ferguson plc repurchased 56,012 shares on July 8, 2021.

What was the price per share for Ferguson plc's repurchase?

The price paid per share during the repurchase was £102.05.

What is the total number of Treasury shares held by Ferguson plc now?

Following the repurchase, Ferguson plc holds a total of 9,565,393 shares in Treasury.

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

The remaining number of ordinary shares in issue for Ferguson plc is 222,605,789.