Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 23,373 ordinary shares at a price of £111.447260 each on February 22, 2022, under its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, increasing the total number of shares held in Treasury to 13,310,952. After this transaction, the outstanding shares will total 218,860,230, which will aid shareholders in calculating their interest in the Company under relevant rules.

Positive

• Completion of share repurchase of 23,373 shares.
• Total Treasury shares now at 13,310,952, indicating strong capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 23, 2022 / Ferguson plc (the "Company") announces that on February 22, 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: 23,373

Date of transaction: February 22, 2022

Price paid per share: £111.447260

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 13,310,952 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,860,230.

The figure of 218,860,230 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/4778C_1-2022-2-22.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/689962/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on February 22, 2022?

Ferguson plc repurchased 23,373 ordinary shares at £111.447260 each.

What is the total number of shares Ferguson plc holds in Treasury after the repurchase?

After the repurchase, Ferguson plc holds a total of 13,310,952 shares in Treasury.

How many ordinary shares are outstanding for Ferguson plc after the recent share repurchase?

The outstanding ordinary shares for Ferguson plc will total 218,860,230.

What is the purpose of holding shares in Treasury for Ferguson plc?

Holding shares in Treasury helps in calculating shareholder interests under Disclosure and Transparency Rules.