Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced a share repurchase of 104,489 ordinary shares at a price of £108.39 each on March 17, 2022, under its $1,000 million buyback program initiated on September 28, 2021. After this transaction, Ferguson holds a total of 14,295,164 shares in Treasury, with 217,876,018 ordinary shares remaining in issue. This repurchase may impact shareholders' calculations under the Disclosure and Transparency Rules, as detailed in the announcement.

Positive

• Share repurchase indicates company confidence and financial strength.
• Substantial buyback program of $1,000 million reflects commitment to shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 18, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 17, 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: 104,489

Date of transaction: March 17, 2022

Price paid per share: £108.393026

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 14,295,164 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,876,018.

The figure of 217,876,018 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/2015F_1-2022-3-17.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/693623/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on March 17, 2022?

Ferguson plc repurchased 104,489 ordinary shares at £108.39 each on March 17, 2022.

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

After the buyback, Ferguson plc holds 14,295,164 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 217,876,018.

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

Ferguson plc's share repurchase program is valued at $1,000 million.

How does the share repurchase affect shareholder notifications?

Post-repurchase, shareholders should use the figure of 217,876,018 as the denominator for determining notification requirements under the Disclosure and Transparency Rules.