Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 33,356 ordinary shares at a price of £97.65 each on June 21, 2021, as part of its ongoing $400 million share repurchase program initiated on March 16, 2021. With this transaction, the company now holds a total of 9,245,577 shares in treasury, reducing the total number of ordinary shares in issue to 222,925,605. This information is crucial for shareholders, as it affects the calculations for interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase program reinforces investor confidence.
• Reduction in total shares outstanding potentially increases earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 22, 2021 / Ferguson plc (the 'Company') announces that on June 21, 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: 33,356

Date of transaction: June 21, 2021

Price paid per share: £97.649627

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 9,245,577 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,925,605.

The figure of 222,925,605 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/6101C_1-2021-6-21.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/652592/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the value of the share repurchase program announced by Ferguson plc?

Ferguson plc announced a $400 million share repurchase program.

How many shares did Ferguson plc repurchase on June 21, 2021?

Ferguson plc repurchased 33,356 ordinary shares on June 21, 2021.

What is the price paid per share during the recent repurchase by Ferguson plc?

The price paid per share during the repurchase was £97.65.

How many treasury shares does Ferguson plc currently hold?

Ferguson plc currently holds 9,245,577 shares in treasury.

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

The total number of ordinary shares in issue for Ferguson plc is now 222,925,605.